Parent Education and Assistance for Kids Inc

Analysis

Parent Education and Assistance for Kids Inc is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in July 1988, 38 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 September 2023, Parent Education and Assistance for Kids Inc reported income of $1.4m and spending of $1.4m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.4m (+25%), an average of +5.7% a year. The sharpest change came in the year to September 2021, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parent Education and Assistance for Kids Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Boys and Girls Club of the Bellport Area Inc ($1.4m), Mindful Growth Foundation ($1.4m) and Agape Adoption Agency of Arizona Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $121k (8.8% of expenses). Other salaries and wages came to $517k. At year end it held assets of $758k against liabilities of $74k, net assets of $684k. It reported 23 employees.