Parents & Friends Inc

Analysis

Parents & Friends Inc is a registered charity in United States, based in Fort Bragg, CA. It received its IRS tax-exemption ruling in October 1956, 70 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Parents & Friends Inc reported income of $8.5m and spending of $8.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $8.5m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parents & Friends Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Latino Center for Prevention & Action in Health & Welfare ($8.5m), The Marion and Aaron Gural JCC Inc ($8.5m) and Western Maine Transportation Services Inc ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $49k (0.6% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $9.0m against liabilities of $842k, net assets of $8.2m. It reported 214 employees.