Parker at Monroe Inc

Analysis

Parker at Monroe Inc is a registered charity in United States, based in Piscataway, NJ. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Parker at Monroe Inc reported income of $10.2m and spending of $20.2m, spending 199% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.3m to $10.2m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 203% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Parker at Monroe Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Victoria Healthcare Resources ($10.2m), Sunshine Community Health Center Inc ($10.2m) and Morton Plant Mease Health Care Foundation Inc ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $377k (1.9% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $33.2m against liabilities of $287k, net assets of $32.9m. It reported 188 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.