Parallel Senior Villas Inc

Analysis

Parallel Senior Villas Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Parallel Senior Villas Inc reported income of $446k and spending of $583k, spending 131% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $338k to $446k (+32%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parallel Senior Villas Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within MO. Charities of a similar size with the same main cause include Creative Compassion Inc ($446k), Opportunity Builders a Not-For- Profit Development Corporation ($447k) and Brisas de Ceiba Corp ($446k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.0m against liabilities of $5.1m, net assets of -$2.1m.

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.