Parent Power Lab Inc

Analysis

Parent Power Lab Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Parent Power Lab Inc reported income of $246k and spending of $363k, spending 147% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $457k to $246k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parent Power Lab Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within MO. Charities of a similar size with the same main cause include Ncompass ($246k), St Vincent de Paul Society of St Timothy Church ($246k) and Evolutionary Arts Life Foundation Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $86k (24% of expenses). Other salaries and wages came to $177k. It paid $5,606 in professional fundraising fees. At year end it held assets of $310k against liabilities of $88k, net assets of $222k. It reported 3 employees.