Parrhasian Heritage Foundation

Analysis

Parrhasian Heritage Foundation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Parrhasian Heritage Foundation reported income of $478k and spending of $341k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $182k to $478k (+162%), an average of +162% a year. The sharpest change came in the year to December 2023, when income rose by 162%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Parrhasian Heritage Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within AZ. Charities of a similar size with the same main cause include Santa Fe Chamber Music Festival Endowment Foundation ($478k), Sakura Matsuri Inc ($478k) and Rapides Symphony Orchestra ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $253k against liabilities of $0, net assets of $253k.