The Parking Industry Institute

Analysis

The Parking Industry Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1984, 42 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, The Parking Industry Institute reported income of $115k and spending of $67k, leaving 42% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income grew from $59k to $115k (+96%), an average of +25% a year. The sharpest change came in the year to April 2023, when income rose by 103%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Parking Industry Institute sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 21st percentile within DC. Charities of a similar size with the same main cause include Williamsburg Enterprise Community Commision Inc ($115k), Carrie Lynn Childrens Center Inc ($115k) and Junior League of Bakersfield ($115k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $506k against liabilities of $1,650, net assets of $504k.