Parc Residential Options

Analysis

Parc Residential Options is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Parc Residential Options reported income of $104k and spending of $117k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $91k to $104k (+15%), an average of +3.5% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parc Residential Options sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Ouabache Village Inc ($104k), Wood Lane Apartments Inc ($104k) and Florence House Housing Corporation ($104k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $444k against liabilities of $7,167, net assets of $437k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.