Parker Street Ministries Inc

Analysis

Parker Street Ministries Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Parker Street Ministries Inc reported income of $3.9m and spending of $1.4m, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $904k to $3.9m (+335%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Parker Street Ministries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Homeless Network of Texas ($3.9m), Southern California Center for Nonprofit Management ($3.9m) and Global Detroit ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $99k (7.1% of expenses). Other salaries and wages came to $561k. At year end it held assets of $5.6m against liabilities of $25k, net assets of $5.6m. It reported 39 employees.