Parachutes for Patriots Corp

Analysis

Parachutes for Patriots Corp is a registered charity in United States, based in Deland, FL. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Parachutes for Patriots Corp reported income of $61k and spending of $62k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $61k (+7.2%), an average of +7.2% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parachutes for Patriots Corp sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include Monmouth Academy Trustees of ($61k), Geof Jackson Ministries Inc ($61k) and Contemporary Handweavers of Houston ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 2.7% of the total. At year end it held assets of $70k against liabilities of $2,611, net assets of $67k.