Parc Community Homes Inc

Analysis

Parc Community Homes Inc is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in August 1996, 30 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 Community Homes Inc reported income of $100k and spending of $123k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $86k to $100k (+16%), an average of +3.7% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parc Community Homes Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include Good Samaritan Center ($100k), Dahc Housing I Inc ($100k) and Erie County Housing Opportunities Inc ($100k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 90% of the total. At year end it held assets of $585k against liabilities of $11k, net assets of $574k.

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.