MISSION
SARAH BROWN
PARACHUTEFACTORYLEX.COMDEMOGRAPHIC
ADDRESS
720 BRYAN AVE
40505
COUNTY
fayette county, KY
ORGANIZATIONAL OVERVIEW & RANKINGS
PARACHUTE FACTORY is a based in LEXINGTON, KY, focused on Arts, Culture and Humanities causes , specifically Visual Arts Organizations. Established in August 2022, it operates as an independent association and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,467,538 among 2,656,690 nonprofits nationally (Top 93%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 29,188 out of 31,364 organizations in KY (Top 94%).
In fayette county, KY, the organization ranks 2,838 out of 3,275 nonprofits by assets (Top 87%), while locally in lexington, it stands at 2,641 among 3,289 organizations (Top 81%).
The organization reported no revenue in the most recent filing period, placing it at 2,114,033 nationally and 26,983 in KY.
Within its specific NTEE classification (A40 - A: Arts, Culture and Humanities), which includes 2,222 similar organizations, PARACHUTE FACTORY ranks 2,174 in assets (Top 98%) and 2,174 in revenue (Top 98%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2022 and was reinstated on May 15, 2022 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year. Additional information can be found at PARACHUTEFACTORYLEX.COM.
CLASSIFICATION
ORGANIZATION CODE
5: Association
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A40: Visual Arts Organizations
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Sunday, May 15, 2022;
Reinstated: Sunday, May 15, 2022
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
08/2022
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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