Parenting Network Inc

Analysis

Parenting Network Inc is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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 June 2023, Parenting Network Inc reported income of $4.0m and spending of $4.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $4.0m (+70%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parenting Network Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Laguna Food Pantry ($4.0m), Graduate School of Banking Inc ($4.0m) and Grand Haven Homes Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $95k (2.4% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.6m against liabilities of $996k, net assets of $1.6m. It reported 66 employees.