Paramount Care Foundation

Analysis

Paramount Care Foundation is a registered charity in United States, based in Paramount, CA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Paramount Care Foundation reported income of $151k and spending of $119k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $188k to $151k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Paramount Care Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Ahead Inc ($151k), Foster Fete ($151k) and Track Side Blazers Inc ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 13% of the total. Other salaries and wages came to $70k. At year end it held assets of $684k against liabilities of $588, net assets of $683k. It reported 7 employees.