Parsa Foundation

Analysis

Parsa Foundation is a registered charity in United States, based in Rocklin, CA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. 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, Parsa Foundation reported income of $209k and spending of $16k, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $20k to $209k (+940%), an average of +940% a year. The sharpest change came in the year to December 2023, when income rose by 940%. Over the whole period it spent 14% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parsa Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Casa Roble Jr Rams ($209k), Saint James School Foundation Inc ($209k) and Washington Island Community Health Program Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $383k against liabilities of $0, net assets of $383k.