Parc Housing Inc

Analysis

Parc Housing Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in July 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Parc Housing Inc reported income of $831k and spending of $479k, leaving 42% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $349k to $831k (+138%), an average of +24% a year. The sharpest change came in the year to September 2022, when income rose by 71%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parc Housing Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Vollintine Evergreen Neighborhood School Inc ($831k), Hope Healthy Outcomes for Personal Enrichment Counseling Center ($831k) and KS Kids Learning Center ($831k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Other salaries and wages came to $54k. At year end it held assets of $1.6m against liabilities of $641k, net assets of $970k.