Parlor Room

Analysis

Parlor Room is a registered charity in United States, based in Northampton, MA. It received its IRS tax-exemption ruling in August 2023, 3 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, Parlor Room reported income of $639k and spending of $402k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $639k (+1850%), an average of +1850% a year. The sharpest change came in the year to December 2023, when income rose by 1850%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Parlor Room sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Hawaii Global Education Foundation ($639k), Miracle of Nazareth International Foundation Inc ($639k) and Haywood Arts Repertory Theater ($638k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $701k against liabilities of $434k, net assets of $267k.