Park Parthenia Non-Profit Calif Corp

Analysis

Park Parthenia Non-Profit Calif Corp is a registered charity in United States, based in Northridge, CA. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Park Parthenia Non-Profit Calif Corp reported income of $2.1m and spending of $1.6m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.1m (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Park Parthenia Non-Profit Calif Corp sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Nicholas House Inc ($2.1m), Snow Belt Housing Company Inc ($2.1m) and Partner Perth Amboy Redevelopment Team for Neighborhood Enterprise ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 21% of the total. Other salaries and wages came to $16k. At year end it held assets of $2.8m against liabilities of $3.6m, net assets of -$775k. It reported 1 employees.