Parentis Health Foundation

Analysis

Parentis Health Foundation is a registered charity in United States, based in Laguna Niguel, CA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Parentis Health Foundation reported income of $135k and spending of $191k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $151k to $135k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2020, when income rose by 102%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parentis Health Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Fountain City Ministry Center Inc ($135k), Divine Dignity Inc ($135k) and Recreation and Athletics for the Disabled ($135k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $92k (48% of expenses). At year end it held assets of $905k against liabilities of $70k, net assets of $836k. It reported 2 employees.