Paragon Institute of Innovation

Analysis

Paragon Institute of Innovation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Paragon Institute of Innovation reported income of $314k and spending of $403k, spending 128% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $805k to $314k (-61%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paragon Institute of Innovation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Kings Canvas Gallery & Studio ($314k), Central Jersey Arts Council ($314k) and Musical Theatre Factory ($313k).

At year end it held assets of $1.1m against liabilities of $512k, net assets of $595k.