PARALLEL NETWORKS
ALEXANDRIA,
Virginia,
22306
EIN: 82-4730981
Public, Society Benefit - Multipurpose and Other
DEMOGRAPHIC
ADDRESS
7100 FAIRCHILD DRIVE
22306
COUNTY
fairfax county, VA
IN CARE OF NAME
JESSE MORTON
ORGANIZATIONAL OVERVIEW & RANKINGS
PARALLEL NETWORKS is a based in ALEXANDRIA, VA, focused on Public, Society Benefit - Multipurpose and Other causes , specifically Alliance/Advocacy Organizations. Established in August 2019, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $33,968.00, this ranks 612,425 among 2,656,690 nonprofits nationally (Top 24%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 16,119 out of 73,265 organizations in VA (Top 22%).
In fairfax county, VA, the organization ranks 2,558 out of 10,683 nonprofits by assets (Top 24%), while locally in alexandria, it stands at 1,328 among 4,186 organizations (Top 32%).
The organization reported annual revenue of $111,552.00, ranking 376,251 nationally (Top 15%) and 10,651 in VA (Top 15%).
Within its specific NTEE classification (W01 - W: Public, Society Benefit - Multipurpose and Other), which includes 1,862 similar organizations, PARALLEL NETWORKS ranks 209 in assets (Top 11%) and 175 in revenue (Top 10%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
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
W: Public, Society Benefit - Multipurpose and Other
NTEE CODE
W01: Alliance/Advocacy 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
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;
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
12/2020
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$111,552.00
FORM 990 REVENUE AMOUNT
$111,552.00
RULING DATE
08/2019
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$33,968.00
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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