Parkers Army

Analysis

Parkers Army is a registered charity in United States, based in Manahawkin, NJ. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Parkers Army reported income of $56k and spending of $57k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $56k (+2.8%), an average of +2.8% a year. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Parkers Army sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include Alex Tuch Foundation ($56k), Hood County Christmas for Children Inc ($56k) and Project Home Foundation ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.