Parshall 2000 Inc

Analysis

Parshall 2000 Inc is a registered charity in United States, based in Parshall, ND. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Parshall 2000 Inc reported income of $397k and spending of $472k, spending 119% of what it took in. Across the 6 years on record, from December 2017 to December 2023, income grew from $265k to $397k (+50%), an average of +8.4% a year. The sharpest change came in the year to December 2019, when income rose by 101%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parshall 2000 Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within ND. Charities of a similar size with the same main cause include 3250 Sacramento Housing Inc ($396k), Carol Woods Charitable Fund Inc ($397k) and Booth Manor Inc ($396k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $118k. At year end it held assets of $3.5m against liabilities of $1.3m, net assets of $2.1m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.