Parentstogether Foundation

Analysis

Parentstogether Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 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, Parentstogether Foundation reported income of $3.1m and spending of $3.9m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $894k to $3.1m (+245%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 189%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parentstogether Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 74th percentile within DC. Charities of a similar size with the same main cause include Pasco Kids First Inc ($3.1m), Minot Commission on Aging Inc ($3.1m) and Spokane Baptist Association Homes Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $164k (4.2% of expenses). Other salaries and wages came to $2.0m. It paid $191k in professional fundraising fees. At year end it held assets of $2.9m against liabilities of $600k, net assets of $2.3m. It reported 35 employees.