Parenting Cottage Inc

Analysis

Parenting Cottage Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 1982, 44 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, Parenting Cottage Inc reported income of $950k and spending of $867k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $788k to $950k (+21%), an average of +4.8% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parenting Cottage Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Litchfield Community Center Inc ($950k), Kids Early Education Zone Inc ($951k) and Wesley Glen Health Services Corporation ($949k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $82k (9.5% of expenses). Other salaries and wages came to $282k. At year end it held assets of $1.4m against liabilities of $17k, net assets of $1.4m. It reported 6 employees.