Parc Place Inc

Analysis

Parc Place Inc is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in March 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Parc Place Inc reported income of $78k and spending of $98k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $74k to $78k (+5.6%), an average of +1.4% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parc Place Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include Echols Place II Corporation ($78k), Progressive Eldercare Services Cleveland Inc ($78k) and Dima II Inc ($78k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $587k against liabilities of $7,808, net assets of $579k.

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.