Parable Fund

Analysis

Parable Fund is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Parable Fund reported income of $76k and spending of $77k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $76k (-0.4%), an average of -0.4% a year. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Parable Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within MN. Charities of a similar size with the same main cause include Glenwood Springs Summer of Music Inc ($76k), Salem Community Theatre & Cultural Center Inc ($76k) and Inone Music Ministries ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.