Parma City Schools Foundation

Analysis

Parma City Schools Foundation is a registered charity in United States, based in Parma, OH. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Parma City Schools Foundation reported income of $51k and spending of $55k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $141k to $51k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parma City Schools Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within OH. Charities of a similar size with the same main cause include Matagorda County Area Go Team ($51k), Cedar Valley Makers Inc ($51k) and Agoura High School Music Boosters Club ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. At year end it held assets of $203k against liabilities of $0, net assets of $203k.