Parangal Dance Company

Analysis

Parangal Dance Company is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Parangal Dance Company reported income of $215k and spending of $210k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $215k (+158%), an average of +158% a year. The sharpest change came in the year to December 2023, when income rose by 158%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Parangal Dance Company sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Northern Virginia Fine Arts Association ($215k), Friends of Centennial Hall Inc ($215k) and Dreamality Inc ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $109k against liabilities of $53k, net assets of $56k.