Parc Workshop Inc

Analysis

Parc Workshop Inc is a registered charity in United States, based in Stuart, VA. It received its IRS tax-exemption ruling in July 1974, 52 years ago. 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 June 2024, Parc Workshop Inc reported income of $189k and spending of $184k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $217k to $189k (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2022, when income rose by 102%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parc Workshop Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include International Association of Homes and Services for the Aging ($189k), Altamont Free Library Assn ($189k) and Cradle of Texas Conservancy Inc ($189k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $43k (23% of expenses). Other salaries and wages came to $75k. At year end it held assets of $366k against liabilities of $1,453, net assets of $365k. It reported 5 employees.