Daniel J Parzych Memorial Fund

Analysis

Daniel J Parzych Memorial Fund is a registered charity in United States, based in Ivyland, PA. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Daniel J Parzych Memorial Fund reported income of $65k and spending of $40k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $65k (+8.6%), an average of +8.6% a year. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Daniel J Parzych Memorial Fund sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within PA. Charities of a similar size with the same main cause include Rock Valley Christian School FNDTN ($64k), Project Belong Foundation ($65k) and MLBC Foundation Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.