Parvee Foundation

Analysis

Parvee Foundation is a registered charity in United States, based in Doylestown, PA. It received its IRS tax-exemption ruling in November 1979, 47 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, Parvee Foundation reported income of $146k and spending of $87k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $200k to $146k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parvee Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Sturgeon Bay Yacht Club Sail Training Foundation Inc ($146k), Greater Princeton Youth Orchestra ($146k) and Castro Valley Educational Foundation ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.