Paramount Education Studies Inc

Analysis

Paramount Education Studies Inc is a registered charity in United States, based in Peoria, AZ. It received its IRS tax-exemption ruling in October 1998, 28 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending June 2023, Paramount Education Studies Inc reported income of $106k and spending of $658k, spending 620% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $106k (-96%), an average of -56% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paramount Education Studies Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within AZ. Charities of a similar size with the same main cause include Astoria Restoration Association ($106k), Pennyrile Youth Soccer Association Inc ($106k) and Tafa Tolu Congregational Christian Church of Somoa in Santa Clara ($106k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $192k (29% of expenses). Other salaries and wages came to $225k. At year end it held assets of $4.9m against liabilities of $47k, net assets of $4.9m. It reported 17 employees.