Paragon Non Profit Housing Corporation

Analysis

Paragon Non Profit Housing Corporation is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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 December 2023, Paragon Non Profit Housing Corporation reported income of $859k and spending of $728k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $443k to $859k (+94%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paragon Non Profit Housing Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include F C Boyd Sr Christian School ($859k), Guardian & Protective Services Inc ($859k) and Habitat for Humanity International Inc ($859k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 101% of the total. Compensation of current officers, directors and key employees was $30k (4.2% of expenses). Other salaries and wages came to $350k. At year end it held assets of $1.2m against liabilities of $116k, net assets of $1.1m.