Parviz Shahbazi Foundation Inc

Analysis

Parviz Shahbazi Foundation Inc is a registered charity in United States, based in Woodland HLS, CA. It received its IRS tax-exemption ruling in April 2019, 7 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, Parviz Shahbazi Foundation Inc reported income of $405k and spending of $13k, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $334k to $405k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 2.6% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Parviz Shahbazi Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Open Studio Project Inc ($405k), Friends of the Hastings Performing Arts Center ($405k) and Gates-Chili Color Guard Parents Inc ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.