Parker Rehabilitation Services Inc

Analysis

Parker Rehabilitation Services Inc is a registered charity in United States, based in Piscataway, NJ. It received its IRS tax-exemption ruling in December 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 Rehabilitation Services Inc reported income of $2.6m and spending of $3.8m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.6m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 143% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Parker Rehabilitation Services Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Eastern Area Prehospital Services ($2.6m), International Society for Advancement of Cytometry ($2.6m) and Southwest Virginia Emergency Medical Services Council Incorpora ($2.6m).

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 $211k (5.5% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.5m against liabilities of $3,168, net assets of $1.5m. It reported 30 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.