Parliament of the Worlds Religions

Analysis

Parliament of the Worlds Religions is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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 2022, Parliament of the Worlds Religions reported income of $235k and spending of $505k, spending 215% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $439k to $235k (-47%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 194%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parliament of the Worlds Religions sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Aim Womens Center ($235k), Little League Baseball Inc ($235k) and I Am School Inc ($235k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $117k (23% of expenses). Other salaries and wages came to $213k. At year end it held assets of $588k against liabilities of $1.3m, net assets of -$674k. It reported 10 employees.