Parkinsons Research and Education Foundation Inc

Analysis

Parkinsons Research and Education Foundation Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in February 2005, 21 years ago. 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, Parkinsons Research and Education Foundation Inc reported income of $1.4m and spending of $1.0m, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $204k to $1.4m (+585%), an average of +585% a year. The sharpest change came in the year to December 2023, when income rose by 585%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parkinsons Research and Education Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Health Partners Inc ($1.4m), St Peters Adult Learning Center ($1.4m) and New Jersey Association of Community Providers Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $224k. At year end it held assets of $664k against liabilities of $7,083, net assets of $656k. It reported 2 employees.