Parable Media Inc

Analysis

Parable Media Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Parable Media Inc reported income of $82k and spending of $83k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $83k to $82k (-1.0%), an average of -1.0% a year. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Parable Media Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Experience Church ($82k), Loving the World Ministries ($82k) and Church of the Circle of Lovers of the Holy Megillah ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $21k against liabilities of $396, net assets of $21k.