Parmenter Place

Analysis

Parmenter Place is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Parmenter Place reported income of $382k and spending of $453k, spending 119% of what it took in. Across the 5 years on record, from September 2020 to September 2024, income fell from $529k to $382k (-28%), an average of -7.9% a year. The sharpest change came in the year to September 2021, when income dropped by 46%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parmenter Place sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within NH. Charities of a similar size with the same main cause include Lutheran Social Services of Central Ohio Sullivant Housing Inc ($381k), Home Partnership of Cecil County Inc ($382k) and St Anna Housing Development Fund Company Inc ($381k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $3.8m against liabilities of $5.3m, net assets of -$1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.