Parents Place of Maryland Inc

Analysis

Parents Place of Maryland Inc is a registered charity in United States, based in Glen Burnie, MD. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Parents Place of Maryland Inc reported income of $1.3m and spending of $1.1m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.3m (+21%), an average of +4.8% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parents Place of Maryland Inc sits at the 78th percentile: it is larger than about 78% 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 Parents Association of P S 158 M ($1.3m), Washtenaw Community College Foundation ($1.3m) and Pacific Community Charter School ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $53k (4.6% of expenses). Other salaries and wages came to $725k. At year end it held assets of $682k against liabilities of $178k, net assets of $504k. It reported 18 employees.