Parents in Partnership

Analysis

Parents in Partnership is a registered charity in United States, based in New Ulm, MN. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Parents in Partnership reported income of $927k and spending of $947k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $828k to $927k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parents in Partnership sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Binding Thread Inc ($927k), Heavenly Day Care and Learning Center ($927k) and Bethany Day Nursery Inc ($927k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $56k (5.9% of expenses). Other salaries and wages came to $531k. At year end it held assets of $927k against liabilities of $771k, net assets of $156k. It reported 28 employees.