Parity Inc

Analysis

Parity Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Parity Inc reported income of $196k and spending of $199k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $258k to $196k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parity Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Finishing the Work Inc ($196k), Callaway Senior Centers ($196k) and Darke County Pregnancy Help Center Inc ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $65k (33% of expenses). Other salaries and wages came to $1,404. At year end it held assets of $601k against liabilities of $12k, net assets of $588k. It reported 4 employees.

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.