Parallax Advanced Research Corporation: Single Audit Reports and Findings
Parallax Advanced Research Corporation filed 5 single audits between 2021 and 2025; the most recently observed auditor is REA & ASSOCIATES, INC. (2025), and the 2025 report lists 4 findings. Data as of 2026-09-18.
Data as of Sep 18, 2026 · Source: Federal Audit Clearinghouse (public data)
Single audits by year
One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; Parallax Advanced Research Corporation is recorded in BEAVERCREEK, Ohio under EIN 161704454, and the Clearinghouse records it as a nonprofit.
| Audit year | Fiscal year end | Federal expended | Threshold applied | Auditor observed | Findings | MW / SD | FAC report |
|---|---|---|---|---|---|---|---|
| 2025 | 2025-06-30 | $87,818,313 | $2,634,549 | REA & ASSOCIATES, INC. | 4 | SD | 2025-06-GSAFAC-0000389186 |
| 2024 | 2024-06-30 | $62,532,095 | $1,875,963 | REA & ASSOCIATES, INC. | 16 | SD | 2024-06-GSAFAC-0000067918 |
| 2023 | 2023-06-30 | $38,157,496 | $1,144,725 | REA & ASSOCIATES, INC. | 39 | SD | 2023-06-GSAFAC-0000018128 |
| 2022 | 2022-06-30 | $29,388,514 | $881,655 | REA & ASSOCIATES, INC. | 14 | SD | 2022-06-CENSUS-0000238126 |
| 2021 | 2021-06-30 | $32,466,713 | $974,000 | REA & ASSOCIATES, INC. | 0 | — | 2021-06-CENSUS-0000238126 |
Which federal programs did this organization report?
From the most recent accepted report. "Major" is the designation the auditor made under 2 CFR 200.518, not ours.
| ALN | Program | Expended | Major |
|---|---|---|---|
| 12.RD | 11268 A III IDIQ | $41,526,121 | Yes |
| 12.RD | 11236 MATRIX | $12,423,274 | Yes |
| 12.800 | P-100460 | $7,779,861 | Yes |
| 12.615 | 11186 APEX | $6,481,688 | Yes |
| 12.RD | P-100324 | $6,415,278 | Yes |
| 12.RD | P-202470 | $2,128,952 | Yes |
| 12.RD | 11295 - OnRamp Hub: OY1-2 | $1,477,190 | Yes |
| 43.008 | P-402090 | $1,137,730 | Yes |
| 12.RD | 11205 F0002-F0004- Option 1 | $962,908 | Yes |
| 12.RD | 11255 IN THE MOMENT | $918,966 | Yes |
| 12.RD | 11221 ASTRA-IST | $916,509 | Yes |
| 12.U01 | 11261 OnRamp Hub: Ohio | $821,616 | Yes |
| 12.RD | 11245 STAT | $611,656 | Yes |
| 12.RD | 11243 Connected Alliance | $458,914 | Yes |
| 43.RD | P-140200 | $432,767 | Yes |
| 11.617 | CONGRESSIONALLY-IDENTIFIED PROJECTS | $423,591 | No |
| 43.RD | P-520107 | $367,601 | Yes |
| 43.009 | P-140100 | $362,194 | Yes |
| 43.RD | P-520110 | $269,444 | Yes |
| 43.RD | P-520049 | $262,612 | Yes |
| 43.008 | P-402080 | $255,863 | Yes |
| 43.RD | P-520156 | $245,065 | Yes |
| 43.RD | P-520062 | $217,693 | Yes |
| 81.087 | RENEWABLE ENERGY RESEARCH AND DEVELOPMENT | $152,667 | No |
| 12.RD | 11270 Vertx | $125,040 | Yes |
What findings did the auditor report?
The reference and the requirement letter are the ones the auditor used. The finding text itself is not reproduced here; the FAC report linked above carries it in full.
| Reference | Requirement | Severity | Repeat |
|---|---|---|---|
| 2025-001 | C | Significant deficiency | Yes |
Form 990 and IRS registration
Form 990 "accounting fees" (Part IX line 11c) cover all accounting services reported by the organization and are not the price of an audit engagement.
- Total revenue
- $82,994,226
- Total assets
- $65,126,667
- IRS object id
- 202631349349306948
- NTEE code
- U054
- Exempt under
- 501(c)(3)
- Ruling year
- 2007
- BMF release
- 2026-09-17
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How we computed this
Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits Parallax Advanced Research Corporation now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.
Cite this page
AuditRadar. “Parallax Advanced Research Corporation Single Audits.” https://getauditradar.com/single-audits/oh/parallax-advanced-research-corporation-161704454/. Data as of 2026-09-18.