The Parc

Analysis

The Parc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in July 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, The Parc reported income of $798k and spending of $334k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $334k to $798k (+139%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Parc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Progress Unity Fund ($798k), Somerset County Commission on Aging Inc ($798k) and Rise for Autism Inc ($798k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $79k (24% of expenses). Other salaries and wages came to $160k. At year end it held assets of $1.3m against liabilities of $7,476, net assets of $1.3m. It reported 6 employees.