DEMOGRAPHIC
ADDRESS
PO BOX 1829
49685
COUNTY
grand traverse county, MI
IN CARE OF NAME
KATHERINE MCKAY
ORGANIZATIONAL OVERVIEW & RANKINGS
PARALLEL 45 is a based in TRAVERSE CITY, MI, focused on Arts, Culture and Humanities causes , specifically Performing Arts Organizations. Established in April 2009, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $73,047.00, this ranks 532,660 among 2,656,690 nonprofits nationally (Top 21%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 14,650 out of 79,991 organizations in MI (Top 19%).
In grand traverse county, MI, the organization ranks 245 out of 1,050 nonprofits by assets (Top 23%), while locally in traverse city, it stands at 225 among 889 organizations (Top 25%).
The organization reported annual revenue of $196,634.00, ranking 290,764 nationally (Top 11%) and 8,013 in MI (Top 11%).
Within its specific NTEE classification (A60 - A: Arts, Culture and Humanities), which includes 5,577 similar organizations, PARALLEL 45 ranks 581 in assets (Top 11%) and 433 in revenue (Top 8%).
The organization files a 990 (all other) or 990EZ return and operates on a July 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
A: Arts, Culture and Humanities
NTEE CODE
A60: Performing Arts Organizations
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
08/2023
ACCOUNTING PERIOD
08
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$196,634.00
FORM 990 REVENUE AMOUNT
$196,634.00
RULING DATE
04/2009
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$73,047.00
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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