Paramount School of Excellence Incorporated

Analysis

Paramount School of Excellence Incorporated is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Paramount School of Excellence Incorporated reported income of $24.9m and spending of $20.7m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.4m to $24.9m (+141%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Paramount School of Excellence Incorporated sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Somerset Community Services Inc ($24.9m), Board of Trustees of the Sheffield Scientific School ($25.0m) and Mastery Charter School - Thomascampus ($24.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $563k (2.7% of expenses). Other salaries and wages came to $9.8m. At year end it held assets of $42.2m against liabilities of $22.0m, net assets of $20.3m. It reported 301 employees.