Persian Parade Foundation Inc

Analysis

Persian Parade Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Persian Parade Foundation Inc reported income of $58k and spending of $66k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $58k (+6.2%), an average of +6.2% a year. Over the whole period it spent 120% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Persian Parade Foundation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Locust Grove Football & Cheerleading Association Inc ($58k), Freedom Baseball Club ($58k) and Fairbanks Youth Football and Cheerleading ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.