PARACHUTE FOUNDATION
MINNETONKA,
Minnesota,
55343
EIN: 84-1767763
Health - General and Rehabilitative
DEMOGRAPHIC
ADDRESS
6110 BLUE CIRCLE DR STE 280
55343
COUNTY
hennepin county, MN
ORGANIZATIONAL OVERVIEW & RANKINGS
PARACHUTE FOUNDATION is a based in MINNETONKA, MN, focused on Health - General and Rehabilitative causes , specifically Fund Raising and/or Fund Distribution. Established in May 2022, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $55,235.00, this ranks 564,211 among 2,656,690 nonprofits nationally (Top 22%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 12,813 out of 53,624 organizations in MN (Top 24%).
In hennepin county, MN, the organization ranks 3,787 out of 13,125 nonprofits by assets (Top 29%), while locally in minnetonka, it stands at 165 among 493 organizations (Top 33%).
The organization reported annual revenue of $277,936.00, ranking 246,739 nationally (Top 10%) and 5,866 in MN (Top 11%).
Within its specific NTEE classification (E12 - E: Health - General and Rehabilitative), which includes 3,513 similar organizations, PARACHUTE FOUNDATION ranks 656 in assets (Top 19%) and 260 in revenue (Top 8%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2022 .
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
E: Health - General and Rehabilitative
NTEE CODE
E12: Fund Raising and/or Fund Distribution
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
Note: A current revocation appears on the IRS revocation list
Revoked: Sunday, May 15, 2022;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$277,936.00
FORM 990 REVENUE AMOUNT
$277,936.00
RULING DATE
05/2022
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$55,235.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
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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