Pradera Corporation

Analysis

Pradera Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. 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, Pradera Corporation reported income of $6.7m and spending of $6.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.3m to $6.7m (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pradera Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include The Childrens Learning Center Inc ($6.7m), Employment Connection ($6.7m) and St Louis Youth Soccer Association ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $2.8m against liabilities of $2.0m, net assets of $797k.