Celebrating Parsons Inc

Analysis

Celebrating Parsons Inc is a registered charity in United States, based in Parsons, KS. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2024, Celebrating Parsons Inc reported income of $80k and spending of $88k, spending 111% of what it took in. Across the 2 years on record, from July 2020 to July 2024, income grew from $16k to $80k (+404%), an average of +404% a year. The sharpest change came in the year to July 2024, when income rose by 404%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Celebrating Parsons Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within KS. Charities of a similar size with the same main cause include Avon Grove Community Theater ($80k), Gaelic Park Charities ($80k) and World Music Foundation ($80k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 45% and program service revenue 54% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.