Parc Housing II Inc

Analysis

Parc Housing II Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 II Inc reported income of $126k and spending of $153k, spending 121% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $113k to $126k (+12%), an average of +2.8% a year. The sharpest change came in the year to September 2022, when income rose by 163%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parc Housing II Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Journey Home Inc ($126k), Wactor Gardens Phase II Inc ($126k) and Union Neighborhood Assistance Corporation ($126k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $33k. At year end it held assets of $507k against liabilities of $631k, net assets of -$124k.