Frank and Nancy Parsons Foundation Inc

Analysis

Frank and Nancy Parsons Foundation Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Frank and Nancy Parsons Foundation Inc reported income of $348k and spending of $157k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $112k to $348k (+210%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 261%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Frank and Nancy Parsons Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Alpha XI of Sigma Chi Educational Foundation ($348k), School Foundation Inc ($349k) and Spur Inc ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.