Paramount Community Living and Rehab Inc

Analysis

Paramount Community Living and Rehab Inc is a registered charity in United States, based in Newton, KS. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Paramount Community Living and Rehab Inc reported income of $12.7m and spending of $12.4m, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $11.1m to $12.7m (+14%), an average of +6.8% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Paramount Community Living and Rehab Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KS. Charities of a similar size with the same main cause include PHS Apple Valley Senior Housing Inc ($12.7m), Grand Central District Management Association Inc ($12.7m) and Caring Incorporated ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $400k (3.2% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $10.1m against liabilities of $8.3m, net assets of $1.8m. It reported 349 employees.