Parents with a Purpose Inc

Analysis

Parents with a Purpose Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Parents with a Purpose Inc reported income of $3.0m and spending of $3.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.0m (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Parents with a Purpose Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Pocono Mountains United Way ($3.0m), Grand Action Foundation 2 0 ($3.0m) and Red Lodge Area Community Foundation ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $181k (5.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $93k against liabilities of $192k, net assets of -$99k. It reported 80 employees.