Debra C Parmentola Foundation

Analysis

Debra C Parmentola Foundation is a registered charity in United States, based in Lincroft, NJ. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Debra C Parmentola Foundation reported income of $158k and spending of $43k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $158k (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 34% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Debra C Parmentola Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Latino Coalition Foundation ($157k), Stonegate Arts & Education Center Inc ($158k) and Prairie Township Community Improvement Corporation ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $668k against liabilities of $0, net assets of $668k.