Parsons Educational Foundation

Analysis

Parsons Educational Foundation is a registered charity in United States, based in Parsons, KS. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Parsons Educational Foundation reported income of $64k and spending of $38k, leaving 40% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $57k to $64k (+12%), an average of +3.9% a year. The sharpest change came in the year to June 2021, when income rose by 192%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parsons Educational Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within KS. Charities of a similar size with the same main cause include Land Development Design Initiativeinc ($64k), Brian Cosgrove Memorial Fund Inc ($64k) and Parent Booster USA Inc ($64k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $563k against liabilities of $0, net assets of $563k.