Paragon Philharmonia

Analysis

Paragon Philharmonia is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Paragon Philharmonia reported income of $83k and spending of $97k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $83k (-1.0%), an average of -1.0% a year. Over the whole period it spent 98% 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 Philharmonia 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 31st percentile within VA. Charities of a similar size with the same main cause include National Historic California Trail Interpretive Center Foundation ($83k), Khmer Kampuchea Krom Buddhist Association Inc ($83k) and Abada-Capoeira DC Brazilian Arts Center Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.