Parent Trust for Washington Children

Analysis

Parent Trust for Washington Children is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 1979, 47 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 June 2023, Parent Trust for Washington Children reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $1.1m (-2.1%), an average of -0.5% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parent Trust for Washington Children sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Community Homestead Incorporated ($1.1m), Global Growers Network Inc ($1.1m) and 68 Ministries Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $84k (7.6% of expenses). Other salaries and wages came to $544k. At year end it held assets of $1.7m against liabilities of $1.2m, net assets of $567k. It reported 44 employees.