Parramore District Inc

Analysis

Parramore District Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Parramore District Inc reported income of $83k and spending of $91k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $83k (-12%), an average of -12% a year. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Parramore District Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Junior League of Arlington Texas Inc ($83k), Urban Renaissance Center ($83k) and Estill County-21 Century Inc ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (57% of expenses). At year end it held assets of $66k against liabilities of $1,964, net assets of $64k. It reported 1 employees.