Parakletos Inc

Analysis

Parakletos Inc is a registered charity in United States, based in Irondale, AL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Parakletos Inc reported income of $106k and spending of $89k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $77k to $106k (+38%), an average of +38% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parakletos Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within AL. Charities of a similar size with the same main cause include Friends of Eagle Ridge Academy Inc ($106k), Horizonte Scholarship Fund Inc ($106k) and Caldwell Education and Leadership Foundation ($106k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.