Parikrma USA Inc

Analysis

Parikrma USA Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in May 2008, 18 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, Parikrma USA Inc reported income of $118k and spending of $781, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $118k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. 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, Parikrma USA Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Flushing Workers Center Inc ($118k), Curiosity 2 Create Foundation ($118k) and Safe Harbor Child Advocacy Center of Kosciusko County Inc ($118k).

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 $298k against liabilities of $0, net assets of $298k.