Paramount Center Inc
Paramount Center Inc: Strong Asset Growth, but Transparency Lacking on Program Details
EIN: 222528303 · Rutland, VT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.3M |
| Program Spending | 75% |
| Net Assets | $4.6M |
| Transparency Score | 75/100 |
Is Paramount Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Paramount Center Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Paramount Center Inc
Paramount Center Inc (EIN: 222528303) is a nonprofit organization based in Rutland, VT. The organization reported total revenue of $2.7M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paramount Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paramount Center Inc is a mid-size nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$366K |
| Total Assets | $5.0M |
| Total Liabilities | $432K |
| Net Assets | $4.6M |
| Operating Margin | 13.7% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 26.0 months |
Financial Health Grade: A
In 2024, Paramount Center Inc reported a surplus of $366K with revenue exceeding expenses, holds 26.0 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Paramount Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +35.2% | +28.5% | +2.1% |
| 2023 | -24.7% | +27.7% | +13.0% |
| 2022 | +151.3% | +70.6% | +35.6% |
| 2021 | -43.5% | -47.9% | +14.0% |
| 2020 | +7.3% | -10.9% | +19.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Paramount Center Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Paramount Center Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $366K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
Executive compensation details are not explicitly itemized in the provided data, preventing a specific assessment of individual salaries against organizational revenue or mission impact.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Paramount Center Inc's IRS 990 filings:
- Lack of detailed program expense breakdown makes it challenging to fully evaluate mission effectiveness.
- Absence of specific executive compensation figures in the provided data limits assessment of financial stewardship.
- The 'nt' (nonprofit type) field is missing, which could provide valuable context for mission alignment and peer comparison.
Strengths
The following positive indicators were identified for Paramount Center Inc:
- Consistent asset growth from $2,430,963 in 2018 to $5,017,673 in 2024 demonstrates strong financial management and capacity building.
- Revenue has shown significant fluctuations but a positive trend, with a notable increase from $1,048,277 in 2021 to $2,719,022 in 2024, indicating growing support.
- The organization consistently maintains a positive net income (revenue minus expenses) in most years, suggesting sound financial operations.
Frequently Asked Questions about Paramount Center Inc
Is Paramount Center Inc a legitimate charity?
Paramount Center Inc (EIN: 222528303) is a registered tax-exempt nonprofit based in Vermont. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.7M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Paramount Center Inc spend its money?
Paramount Center Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Paramount Center Inc tax-deductible?
Paramount Center Inc is registered as a tax-exempt nonprofit (EIN: 222528303). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Paramount Center Inc's spending goes to programs?
Paramount Center Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Paramount Center Inc located?
Paramount Center Inc is headquartered in Rutland, Vermont and files with the IRS under EIN 222528303.
How many years of IRS 990 filings does Paramount Center Inc have?
Paramount Center Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.7M in total revenue.
What does Paramount Center Inc do?
Paramount Center Inc is a nonprofit organization in the Unknown sector, located in Rutland, Vermont. It is classified under NTEE code Unknown.
How much revenue does Paramount Center Inc have?
Paramount Center Inc reported total revenue of $2,719,022. Based on 14 IRS 990 filings on record.
What are Paramount Center Inc's total assets?
Paramount Center Inc holds total assets of $5,017,673 as reported in IRS 990 filings.
Where is Paramount Center Inc located?
Paramount Center Inc is based in Rutland, Vermont.
What is Paramount Center Inc's EIN?
Paramount Center Inc's Employer Identification Number (EIN) is 222528303. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Paramount Center Inc?
Paramount Center Inc is classified under NTEE code Unknown (Unknown).
Is Paramount Center Inc a registered 501(c)(3)?
Paramount Center Inc appears in IRS records (EIN: 222528303). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Paramount Center Inc file IRS Form 990?
Yes, Paramount Center Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Paramount Center Inc's revenue in 2024?
In the 202406 filing period, Paramount Center Inc reported total revenue of $2,681,500, total expenses of $2,315,440, and net assets of $5,017,673.
Is Paramount Center Inc's revenue growing or declining?
Paramount Center Inc's revenue is growing. Revenue went from $1,983,496 (202306) to $2,681,500 (202406), a +35.2% change. Based on 14 filings on record.
What is Paramount Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Paramount Center Inc covers tax period 202406. It shows revenue of $2,681,500, expenses of $2,315,440, total assets of $5,017,673, and liabilities of $431,927.
How much does Paramount Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Paramount Center Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Paramount Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Paramount Center Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Paramount Center Inc?
The following concerns were identified: Lack of detailed program expense breakdown makes it challenging to fully evaluate mission effectiveness.. Absence of specific executive compensation figures in the provided data limits assessment of financial stewardship.. The 'nt' (nonprofit type) field is missing, which could provide valuable context for mission alignment and peer comparison.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Paramount Center Inc's strengths?
Positive indicators for Paramount Center Inc include: Consistent asset growth from $2,430,963 in 2018 to $5,017,673 in 2024 demonstrates strong financial management and capacity building.. Revenue has shown significant fluctuations but a positive trend, with a notable increase from $1,048,277 in 2021 to $2,719,022 in 2024, indicating growing support.. The organization consistently maintains a positive net income (revenue minus expenses) in most years, suggesting sound financial operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Paramount Center Inc compensate executives?
Executive compensation details are not explicitly itemized in the provided data, preventing a specific assessment of individual salaries against organizational revenue or mission impact. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant asset growth, what specific strategies are in place to ensure these assets are optimally utilized to expand program reach and impact, rather than solely for operational reserves?
While assets have grown from $2,430,963 in 2018 to $5,017,673 in 2024, the filings do not explicitly detail the strategic allocation of these increased assets towards specific program expansion initiatives. Further inquiry into capital expenditure plans or endowment growth strategies would be beneficial.
How does Paramount Center Inc measure and report the impact of its programs on the Rutland community, especially considering the general nature of program descriptions in financial filings?
The provided financial data focuses on monetary figures and does not include metrics for program impact or community engagement. To understand the true value delivered, one would need to review annual reports, impact statements, or program evaluations that are not part of the current dataset.
Filing History
IRS 990 filing history for Paramount Center Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Paramount Center Inc's revenue has grown by 119.5%, moving from $1.2M to $2.7M. Total assets increased by 69% over the same period, from $3.0M to $5.0M. Total functional expenses rose by 88.6%, from $1.2M to $2.3M. In its most recent filing year (2024), Paramount Center Inc reported a surplus of $366K, with revenue exceeding expenses. The organization holds $432K in liabilities against $5.0M in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.7M | $2.3M | $5.0M | $432K | — | View 990 |
| 2023 | $2.0M | $1.8M | $4.9M | $693K | — | View 990 |
| 2022 | $2.6M | $1.4M | $4.4M | $314K | — | View 990 |
| 2021 | $1.0M | $827K | $3.2M | $421K | — | — |
| 2020 | $1.9M | $1.6M | $2.8M | $248K | — | View 990 |
| 2019 | $1.7M | $1.8M | $2.4M | $52K | — | View 990 |
| 2018 | $1.6M | $1.5M | $2.4M | $77K | — | View 990 |
| 2017 | $1.8M | $1.8M | $2.5M | $112K | — | View 990 |
| 2016 | $1.7M | $1.8M | $2.5M | $130K | — | View 990 |
| 2015 | $1.4M | $1.6M | $2.5M | $149K | — | View 990 |
| 2014 | $1.4M | $1.5M | $2.7M | $169K | — | View 990 |
| 2013 | $1.4M | $1.4M | $2.8M | $188K | — | View 990 |
| 2012 | $1.0M | $1.3M | $2.7M | $209K | — | View 990 |
| 2011 | $1.2M | $1.2M | $3.0M | $230K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.7M, expenses of $2.3M, and assets of $5.0M (revenue +35.2% year-over-year).
- 2023: Revenue of $2.0M, expenses of $1.8M, and assets of $4.9M (revenue -24.7% year-over-year).
- 2022: Revenue of $2.6M, expenses of $1.4M, and assets of $4.4M (revenue +151.3% year-over-year).
- 2021: Revenue of $1.0M, expenses of $827K, and assets of $3.2M (revenue -43.5% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.6M, and assets of $2.8M (revenue +7.3% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.8M, and assets of $2.4M (revenue +11.4% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $2.4M (revenue -15.2% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $2.5M (revenue +6.0% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.8M, and assets of $2.5M (revenue +20.4% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.6M, and assets of $2.5M (revenue -0.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $2.7M (revenue -0.6% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $2.8M (revenue +37.9% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.3M, and assets of $2.7M (revenue -14.1% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paramount Center Inc:
Data Sources and Methodology
This transparency report for Paramount Center Inc 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.