Parkinson Association of the Carolinas

Analysis

Parkinson Association of the Carolinas is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 June 2023, Parkinson Association of the Carolinas reported income of $481k and spending of $332k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $262k to $481k (+83%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Parkinson Association of the Carolinas sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Power for Parkinson ($481k), Kanawha Valley Fellowship Home Inc ($481k) and Association of Safe Patient Handling Professionals ($481k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $80k (24% of expenses). Other salaries and wages came to $96k. At year end it held assets of $2.0m against liabilities of $933, net assets of $2.0m. It reported 5 employees.