Parvati Parameswara Temple Inc

Analysis

Parvati Parameswara Temple Inc is a registered charity in United States, based in Groton, MA. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Parvati Parameswara Temple Inc reported income of $544k and spending of $447k, spending 82% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $132k to $544k (+311%), an average of +60% a year. The sharpest change came in the year to December 2021, when income rose by 251%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Parvati Parameswara Temple Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Word of Life Christian Church ($544k), Missioninvest USA ($545k) and Cantors Assembly Inc ($544k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (6.7% of expenses). Other salaries and wages came to $11k. At year end it held assets of $2.5m against liabilities of $1.4m, net assets of $1.1m. It reported 4 employees.