Parent Booster USA Inc

Analysis

Parent Booster USA Inc is a registered charity in United States, based in Forest Hills, NY. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Parent Booster USA Inc reported income of $1.5m and spending of $1.5m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.6m to $1.5m (-5.2%), an average of -1.1% a year. The sharpest change came in the year to June 2022, when income rose by 897%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parent Booster USA Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Naudain Academy Inc ($1.5m), Angelus Academy ($1.5m) and Providence Christian Academy ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Other salaries and wages came to $461k. At year end it held assets of $795k against liabilities of $300k, net assets of $495k. It reported 38 employees.