Padre Pio Foundation of America Inc

Analysis

Padre Pio Foundation of America Inc is a registered charity in United States, based in Cromwell, CT. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Padre Pio Foundation of America Inc reported income of $7.6m and spending of $6.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $7.6m (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Padre Pio Foundation of America Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Chesterfield Food Bank ($7.6m), Freedom From Religion Foundation Inc ($7.7m) and New Reformation Publications ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $139k (2.1% of expenses). At year end it held assets of $12.0m against liabilities of $4,688, net assets of $12.0m. It reported 25 employees.