Paragon Health Institute

Analysis

Paragon Health Institute is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Paragon Health Institute reported income of $2.1m and spending of $2.4m, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.0m to $2.1m (+6.9%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 52% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Paragon Health Institute sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Equal Hope ($2.1m), Moyers Corners Fire Department Inc ($2.1m) and Union Fire Company No 1 Ambulance Division ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $523k (22% of expenses). It paid $27k in professional fundraising fees. At year end it held assets of $3.9m against liabilities of $49k, net assets of $3.9m. It reported 11 employees.