Parnassus Building Company

Analysis

Parnassus Building Company is a registered charity in United States, based in Maple Grove, MN. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Parnassus Building Company reported income of $2.2m and spending of $1.8m, spending 84% of its income. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parnassus Building Company sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include River Montessori Charter School ($2.2m), Lift for Life Foundation Inc ($2.2m) and Royal Ministries Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $25.6m against liabilities of $25.7m, net assets of -$118k.