Parenting Resource Center Inc

Analysis

Parenting Resource Center Inc is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in December 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Parenting Resource Center Inc reported income of $1.9m and spending of $1.4m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.9m (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 251%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parenting Resource Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include TLC the Learning Center ($1.9m), The Obria Group Inc ($1.9m) and Outlook Collaborative ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $85k (6.0% of expenses). Other salaries and wages came to $541k. At year end it held assets of $6.0m against liabilities of $292k, net assets of $5.7m. It reported 59 employees.