Parents Place Inc

Analysis

Parents Place Inc is a registered charity in United States, based in Waukesha, WI. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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 December 2023, Parents Place Inc reported income of $549k and spending of $540k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $538k to $549k (+2.0%), an average of +0.5% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parents Place Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within WI. Charities of a similar size with the same main cause include California Council on Economic Education ($549k), Burien Cooperative Education Project ($549k) and Oahu Veterans Council ($549k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $84k (16% of expenses). Other salaries and wages came to $257k. At year end it held assets of $607k against liabilities of $97k, net assets of $510k. It reported 11 employees.