Parkinsons Foundation Inc

Analysis

Parkinsons Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1959, 67 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 2024, Parkinsons Foundation Inc reported income of $56.0m and spending of $52.0m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $40.3m to $56.0m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Parkinsons Foundation 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 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include DKMS ($55.9m), Peninsula Community Health Services ($56.0m) and TMF Health Quality Institute ($55.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $2.5m (4.9% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $62.0m against liabilities of $24.0m, net assets of $38.1m. It reported 188 employees.