Parzival Supports

Analysis

Parzival Supports is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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 June 2023, Parzival Supports reported income of $4.9m and spending of $4.4m, spending 91% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $5.1m to $4.9m (-4.3%), an average of -2.2% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parzival Supports sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include The United Way Inc ($4.9m), Biophysical Society ($4.9m) and Apa Family Support Services ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $106k (2.4% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $2.5m against liabilities of $542k, net assets of $2.0m. It reported 72 employees.