Parsons Inc

Analysis

Parsons Inc is a registered charity in United States, based in Goshen, IN. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Parsons Inc reported income of $182k and spending of $185k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $182k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Parsons Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include The Redemptorists of the Vietnam Provinces Support Association ($182k), Hannahs House Ministries Inc ($182k) and Brazos de Dios Guanajuato Inc ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. At year end it held assets of $122k against liabilities of $35k, net assets of $88k.