Parting Ways Consignment Inc

Analysis

Parting Ways Consignment Inc is a registered charity in United States, based in Marion, MA. It received its IRS tax-exemption ruling in November 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 December 2023, Parting Ways Consignment Inc reported income of $86k and spending of $85k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $86k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parting Ways Consignment Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include YMCA of Greater High Point Foundation Inc ($86k), Dillsburg Senior Activity Center ($86k) and South Putnam Christian Service Center Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 30% of the total. At year end it held assets of $98k against liabilities of $87k, net assets of $11k.