Dynamos Parents Club Inc

Analysis

Dynamos Parents Club Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dynamos Parents Club Inc reported income of $5.4m and spending of $5.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $5.4m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dynamos Parents Club Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Newhouse Inc ($5.4m), Enemy Swim Day School ($5.4m) and New Beginnings ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $231k (4.3% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $5.3m against liabilities of $3.4m, net assets of $1.9m. It reported 292 employees.