Parkwood Properties Ltd

Analysis

Parkwood Properties Ltd is a registered charity in United States, based in Rice Lake, WI. It received its IRS tax-exemption ruling in May 1991, 35 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 December 2023, Parkwood Properties Ltd reported income of $475k and spending of $536k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $337k to $475k (+41%), an average of +9.0% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parkwood Properties Ltd sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Mercy Village Joplin Inc ($475k), Our Neighbors Place Inc ($476k) and Love Our Community Inc ($475k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $76k. At year end it held assets of $1.5m against liabilities of $83k, net assets of $1.4m.

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.