Parkinson Foundation of the National Capital Area

Analysis

Parkinson Foundation of the National Capital Area is a registered charity in United States, based in Olney, MD. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Parkinson Foundation of the National Capital Area reported income of $924k and spending of $826k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $924k (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 67% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Parkinson Foundation of the National Capital Area sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Society of Pediatric Nurses ($924k), Tree House of Greater St Louis ($924k) and Clark Retirement Community Foundation ($924k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $311k (38% of expenses). Other salaries and wages came to $149k. At year end it held assets of $3.8m against liabilities of $51k, net assets of $3.7m. It reported 6 employees.