Parris Foundation

Analysis

Parris Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Parris Foundation reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $955k to $1.6m (+71%), an average of +14% a year. The sharpest change came in the year to August 2023, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parris Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Montessori School of Syracuse ($1.6m), Peru Champs Association ($1.6m) and Texas Iron Workers Training TR ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $84k (5.2% of expenses). Other salaries and wages came to $813k. At year end it held assets of $392k against liabilities of $294k, net assets of $98k. It reported 40 employees.