Parent Encouragement Program Inc

Analysis

Parent Encouragement Program Inc is a registered charity in United States, based in Kensington, MD. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Parent Encouragement Program Inc reported income of $1.4m and spending of $1.1m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $459k to $1.4m (+194%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parent Encouragement Program Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Foodchain ($1.4m), Janet S Munt Family Room ($1.4m) and Peoples Fund ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $141k (12% of expenses). Other salaries and wages came to $413k. At year end it held assets of $789k against liabilities of $65k, net assets of $724k. It reported 13 employees.