Parresia Inc

Analysis

Parresia Inc is a registered charity in United States, based in Hoover, AL. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Parresia Inc reported income of $85k and spending of $82k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $120k to $85k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Parresia Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within AL. Charities of a similar size with the same main cause include Baitul Islam Masjid and Community Center Inc ($85k), As One Chicago Inc ($85k) and Assembleia de Deus Manancial de Vida ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $7,000 (8.5% of expenses). At year end it held assets of $414k against liabilities of $103k, net assets of $310k.