Paramount Center Inc

Analysis

Paramount Center Inc is a registered charity in United States, based in Rutland, VT. It received its IRS tax-exemption ruling in July 1994, 32 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 June 2024, Paramount Center Inc reported income of $2.7m and spending of $2.3m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.9m to $2.7m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 151%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paramount Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within VT. Charities of a similar size with the same main cause include Center for the Advocacy for the Rights & Interests of the Elderly ($2.7m), USA Artistic Swimming ($2.7m) and Ecsu Foundation Inc ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $113k (4.9% of expenses). Other salaries and wages came to $275k. At year end it held assets of $5.0m against liabilities of $432k, net assets of $4.6m. It reported 35 employees.