Parkside Inc

Analysis

Parkside Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in December 1987, 39 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Parkside Inc reported income of $25.8m and spending of $27.0m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.6m to $25.8m (+46%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Parkside Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OK. Charities of a similar size with the same main cause include Altius Institute for Biomedical Sciences ($25.8m), St John Sapulpa Inc ($25.8m) and Northwest Alabama Mental Health Center ($25.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $2.5m (9.3% of expenses). Other salaries and wages came to $13.6m. At year end it held assets of $31.4m against liabilities of $1.3m, net assets of $30.2m. It reported 453 employees.