Parent Possible

Analysis

Parent Possible is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Parent Possible reported income of $3.8m and spending of $3.1m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.8m (+95%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parent Possible sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include University of South Dakota Research Park Inc ($3.8m), New Mexico Pipe Trades Joint Apprenticeship Fund ($3.8m) and The City University of New York School of Law Foundation Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $132k (4.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.9m against liabilities of $559k, net assets of $2.3m. It reported 19 employees.