Parlando Incorporated

Analysis

Parlando Incorporated is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in March 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Parlando Incorporated reported income of $1.4m and spending of $2.3m, spending 168% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income fell from $1.7m to $1.4m (-18%), an average of -4.7% a year. The sharpest change came in the year to July 2022, when income rose by 85%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Parlando Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Newark Sport and Event Commission ($1.4m), Los Angeles Performance Practice ($1.4m) and Revels Inc ($1.4m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 54% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $160k (7.0% of expenses). Other salaries and wages came to $935k. At year end it held assets of $582k against liabilities of $113k, net assets of $469k. It reported 69 employees.