Midland Parker Place Inc

Analysis

Midland Parker Place Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Midland Parker Place Inc reported income of $210k and spending of $292k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $210k (+7.9%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Midland Parker Place Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Propylon Nonprofit Housing Corp ($210k), Greenline Foundation Inc ($210k) and Mi Casa Housing Development Fund Corp ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $33k (11% of expenses). At year end it held assets of $661k against liabilities of $2.0m, net assets of -$1.3m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.