Parent Compass Inc

Analysis

Parent Compass Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2014, 12 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, Parent Compass Inc reported income of $238k and spending of $479k, spending 201% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $289k to $238k (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parent Compass Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Babcock Center Foundation ($238k), Womensv ($238k) and Hakshiva Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $361k against liabilities of $0, net assets of $361k.