Paragon Support Systems Inc

Analysis

Paragon Support Systems Inc is a registered charity in United States, based in Wyandotte, MI. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, Paragon Support Systems Inc reported income of $4.9m and spending of $3.3m, leaving 33% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.8m to $4.9m (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2023, when income rose by 95%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paragon Support Systems Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Aspira Inc de Puerto Rico ($4.8m), Peter Britt Gardens Music and Arts Festival Association ($4.9m) and Valley Housing Development Corporation ($4.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $160k (4.9% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $2.6m against liabilities of $211k, net assets of $2.4m. It reported 88 employees.