Parity Inc

Analysis

Parity Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2004, 22 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 December 2023, Parity Inc reported income of $116k and spending of $123k, spending 106% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $113k to $116k (+2.9%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Parity Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Paul Tucker Ministries ($116k), Yucatan Peninsula Mission Inc ($116k) and Citylights Global ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.