Paraklesis Inc

Analysis

Paraklesis Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in April 1995, 31 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, Paraklesis Inc reported income of $338k and spending of $377k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $338k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 109%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Paraklesis Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Morley Extended Daycare Inc ($338k), Elder Love USA Inc ($338k) and Youth Alternatives Inc ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $101k (27% of expenses). Other salaries and wages came to $123k. At year end it held assets of $949k against liabilities of $2,680, net assets of $947k. It reported 5 employees.