Parambil Group Inc

Analysis

Parambil Group Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in June 2021, 5 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 (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, Parambil Group Inc reported income of $188k and spending of $38k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $188k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 14% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parambil Group 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 52nd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Bethesda House Inc ($188k), Franklin Foundation of Kettering Park Two Inc ($188k) and Pineywoods Home Team Affordable Housing ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 8.7% of the total. At year end it held assets of $436k against liabilities of $152k, net assets of $284k.