Let It Shine Parents Club

Analysis

Let It Shine Parents Club is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 May 2022, Let It Shine Parents Club reported income of $301k and spending of $313k, spending 104% of its income. Across the 3 years on record, from May 2020 to May 2022, income grew from $296k to $301k (+1.9%), an average of +0.9% a year. The sharpest change came in the year to May 2022, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Let It Shine Parents Club sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Room Redux ($301k), Natick Travel Basketball Association ($302k) and Big Brothers Big Sisters of the Eastern Shore Inc ($301k).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 14% and program service revenue 85% of the total. At year end it held assets of $61k against liabilities of $13, net assets of $61k.