Parenteen

Analysis

Parenteen is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2023, Parenteen reported income of $84k and spending of $128k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $84k (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 381%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parenteen sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 27th percentile within WA. Charities of a similar size with the same main cause include Seminole County Firefighters Benevolent Association Inc ($84k), Sertoma Senior Citizens Center Inc ($84k) and Independent Living Horizons Two Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (29% of expenses). At year end it held assets of $3,037 against liabilities of $0, net assets of $3,037.