Parents Leading for Educational Equity

Analysis

Parents Leading for Educational Equity is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Parents Leading for Educational Equity reported income of $848k and spending of $701k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $532k to $848k (+59%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Parents Leading for Educational Equity sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within RI. Charities of a similar size with the same main cause include Jastech Development Services Inc ($847k), Mahi International Inc ($848k) and Tiwa Lending Services ($846k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $107k (15% of expenses). Other salaries and wages came to $133k. At year end it held assets of $653k against liabilities of $20k, net assets of $633k. It reported 6 employees.