Paragon Health Institute
EIN: 872508858 · Arlington, VA · NTEE: E05
Is Paragon Health Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Paragon Health Institute
Paragon Health Institute (EIN: 872508858) is a nonprofit organization based in Arlington, VA, classified under NTEE code E05. The organization reported total revenue of $4.4M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paragon Health Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paragon Health Institute is a mid-size nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-303,604 |
| Total Assets | $3.9M |
| Total Liabilities | $49K |
| Net Assets | $3.9M |
| Operating Margin | -14.6% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 19.7 months |
Financial Health Grade: B
In 2023, Paragon Health Institute reported a deficit of $304K with expenses exceeding revenue, holds 19.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Paragon Health Institute's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.5% | +47.0% | -6.8% |
| 2022 | +107.5% | +693.4% | +134.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Paragon Health Institute has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Paragon Health Institute with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $304K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Frequently Asked Questions about Paragon Health Institute
Is Paragon Health Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Paragon Health Institute (EIN: 872508858) insufficient data. 0 red flags identified, 0 strengths noted.
How does Paragon Health Institute spend its money?
Detailed spending breakdown data is not yet available for Paragon Health Institute. Check back for updated IRS 990 analysis.
Are donations to Paragon Health Institute tax-deductible?
Paragon Health Institute is registered as a tax-exempt nonprofit (EIN: 872508858). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Paragon Health Institute showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Paragon Health Institute's revenue has grown by 6.9%, moving from $2.0M to $2.1M. Total assets increased by 118.7% over the same period, from $1.8M to $3.9M. Total functional expenses rose by 1066.6%, from $205K to $2.4M. In its most recent filing year (2023), Paragon Health Institute reported a deficit of $304K, with expenses exceeding revenue. The organization holds $49K in liabilities against $3.9M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.4M | $3.9M | $49K | — | — |
| 2022 | $4.0M | $1.6M | $4.2M | $32K | — | View 990 |
| 2021 | $2.0M | $205K | $1.8M | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.4M, and assets of $3.9M (revenue -48.5% year-over-year).
- 2022: Revenue of $4.0M, expenses of $1.6M, and assets of $4.2M (revenue +107.5% year-over-year).
- 2021: Revenue of $2.0M, expenses of $205K, and assets of $1.8M.
Data Sources and Methodology
This transparency report for Paragon Health Institute is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.