Parent Child Development Corporation

Analysis

Parent Child Development Corporation is a registered charity in United States, based in West Point, VA. It received its IRS tax-exemption ruling in April 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Parent Child Development Corporation reported income of $3.6m and spending of $3.8m, spending 106% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $3.3m to $3.6m (+9.3%), an average of +3.0% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parent Child Development Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Pearl Buck Center Inc ($3.6m), Faculty Student Association of the Tompkins Cortland Community Colleg ($3.6m) and The Cape Cod Community College Educational Foundation Inc ($3.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $123k (3.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.3m against liabilities of $528k, net assets of $788k. It reported 83 employees.