Parnassus Performance Laboratory Inc

Analysis

Parnassus Performance Laboratory Inc is a registered charity in United States, based in Granville, OH. It received its IRS tax-exemption ruling in March 2022, 4 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 (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, Parnassus Performance Laboratory Inc reported income of $167k and spending of $102k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $167k (-85%), an average of -85% a year. The sharpest change came in the year to December 2023, when income dropped by 85%. Over the whole period it spent 18% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Parnassus Performance Laboratory Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Camfel Productions Inc ($167k), Redondo Ballet ($167k) and Ingham County Fair Foundation ($167k).

At year end it held assets of $1.1m against liabilities of $41k, net assets of $1.0m.