Parakaleo Ministry

Analysis

Parakaleo Ministry is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2016, 10 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 June 2024, Parakaleo Ministry reported income of $418k and spending of $330k, leaving 21% of income unspent that year. Across the 6 years on record, from December 2019 to June 2024, income fell from $578k to $418k (-28%), an average of -6.3% a year. The sharpest change came in the year to June 2024, when income rose by 547%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Parakaleo Ministry sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Karen Dudley Ministries ($418k), Far Corners Missions ($418k) and World Family of Radio Maria Inc ($418k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 2.4% of the total. At year end it held assets of $308k against liabilities of $1,134, net assets of $307k. It reported 4 employees.