E & H Parnes Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
E & H Parnes Foundation Inc is a 501(c)(3) organization based in Edison, New Jersey, registered in 1972, with $1,401,727 in FY2023 revenue. CharityIndex grades it C+.
Po Box 703, Edison, NJ, 08818 EIN 23-7237932 Since 1972
Revenue (FY2023)
$1.4M
▼ 15.0% vs prior year
Expenses (FY2023)
$902K
Net assets
$9.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for E & H Parnes Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating119 mo reserves · +36% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For E & H Parnes Foundation Inc: 119 mo reserves · +36% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for E & H Parnes Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For E & H Parnes Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 703, Edison, NJ, 08818
- City
- Edison
- State
- New Jersey
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $486K (FY2013) to $1.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $9.0M
Operating margin
35.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$9.0M
Total liabilities
$0
Net assets
$9.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,401,727▼15.0% | $902,357▲35.0% | $8,962,614▲5.9% | $8,962,614▲5.9% | 990PF |
| 2022 | $1,648,497▼6.7% | $668,568▲46.8% | $8,463,244▲13.1% | $8,463,244▲13.1% | 990PF |
| 2021 | $1,767,733▲82.2% | $455,439▼40.5% | $7,483,315▲21.3% | $7,483,315▲21.3% | 990PF |
| 2020 | $970,471▼6.4% | $765,622▲158% | $6,171,021▲3.4% | $6,171,021▲3.4% | 990PF |
| 2019 | $1,036,757▲23.4% | $296,835▼4.8% | $5,966,172▲14.2% | $5,966,172▲14.2% | 990PF |
| 2018 | $840,300▼13.1% | $311,894▼6.6% | $5,226,250▲11.2% | $5,226,250▲11.2% | 990PF |
| 2017 | $967,492▲11.9% | $333,976▲63.5% | $4,697,844▲15.6% | $4,697,844▲15.6% | 990PF |
| 2016 | $864,354▲112% | $204,297▼33.6% | $4,064,328▲19.4% | $4,064,328▲19.4% | 990PF |
| 2015 | $407,312▼37.8% | $307,510▲26.7% | $3,404,271▲3.0% | $3,404,271▲3.0% | 990PF |
| 2014 | $654,991▲34.7% | $242,654▲25.9% | $3,304,469▲14.3% | $3,304,470▲14.3% | 990PF |
| 2013 | $486,375 | $192,675▼94.0% | $2,892,132▲11.3% | $2,892,132▲11.3% | 990PF |
| 2012 | — | $3,209,880▲514% | $2,598,432▼48.5% | $2,598,432▼48.5% | 990PF |
| 2011 | — | $523,078▼18.4% | $5,041,701▲5.3% | $5,041,701▲5.3% | 990PF |
| 2010 | — | $641,038 | $4,789,828 | $4,789,828 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is E & H Parnes Foundation Inc a legitimate nonprofit?
- Yes. E & H Parnes Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7237932, based in Edison, New Jersey. Donations are tax-deductible.
- What is E & H Parnes Foundation Inc's EIN?
- E & H Parnes Foundation Inc's Employer Identification Number (EIN) is 23-7237932.
- How much revenue does E & H Parnes Foundation Inc report?
- E & H Parnes Foundation Inc reported $1,401,727 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does E & H Parnes Foundation Inc have?
- CharityIndex grades E & H Parnes Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for E & H Parnes Foundation Inc (EIN 23-7237932) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.