Parent Place Inc

Analysis

Parent Place Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Parent Place Inc reported income of $481k and spending of $504k, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $289k to $481k (+66%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parent Place Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Higher Learning Solutions Foundatio N Inc ($481k), Brazos Valley Fair and Exposition ($481k) and Energy Capital Cooperative Childcare ($481k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 12% of the total. Other salaries and wages came to $349k. At year end it held assets of $480k against liabilities of $65, net assets of $479k. It reported 15 employees.