Jonas Willis Parmenter Home Inc

Analysis

Jonas Willis Parmenter Home Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in July 1956, 70 years ago. 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 December 2023, Jonas Willis Parmenter Home Inc reported income of $492k and spending of $477k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $423k to $492k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jonas Willis Parmenter Home Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Homebound Meals Inc ($492k), Sheridan County Library Foundation Inc ($492k) and East Greenbush Fire Company Inc ($492k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 67% of the total. Compensation of current officers, directors and key employees was $3,600 (0.8% of expenses). At year end it held assets of $1.9m against liabilities of $15k, net assets of $1.9m.