Parkland Cares Inc

Analysis

Parkland Cares Inc is a registered charity in United States, based in Davie, FL. It received its IRS tax-exemption ruling in June 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, Parkland Cares Inc reported income of $323k and spending of $379k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $517k to $323k (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Parkland Cares Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Buck Fifty Inc ($323k), Indy Foundation ($323k) and Espiration Foundation ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $230k against liabilities of $0, net assets of $230k.

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.