Parami University Inc

Analysis

Parami University Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Parami University Inc reported income of $653k and spending of $619k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $1.0m to $653k (-36%), an average of -36% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parami University Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 47th percentile within DC. Charities of a similar size with the same main cause include Ecosource Native Seed and Restoration ($653k), Advancement for Rural Kids Inc ($653k) and Minnesota Youth Collective Education Fund ($653k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.8% of the total. Other salaries and wages came to $297k. At year end it held assets of $994k against liabilities of $101k, net assets of $893k.