Parkside Homes Inc

Analysis

Parkside Homes Inc is a registered charity in United States, based in Hillsboro, KS. It received its IRS tax-exemption ruling in May 1962, 64 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2021, Parkside Homes Inc reported income of $5.5m and spending of $6.2m, spending 112% of what it took in. Across the 3 years on record, from September 2019 to September 2021, income grew from $5.2m to $5.5m (+6.5%), an average of +3.2% a year. The sharpest change came in the year to September 2020, when income rose by 15%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parkside Homes Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within KS. Charities of a similar size with the same main cause include South Side Office of Concern ($5.5m), Ohio Newsboys Association Inc ($5.5m) and Phoebe Corporate and Community Based Services Inc ($5.5m).

On its Form 990 for the period ending September 2021, revenue came from contributions and grants 6.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $116k (1.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $6.0m against liabilities of $6.7m, net assets of -$654k. It reported 215 employees.