Paraquad Inc

Analysis

Paraquad Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in October 1977, 49 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 September 2023, Paraquad Inc reported income of $13.1m and spending of $11.9m, spending 91% of its income. Across the 4 years on record, from September 2020 to September 2023, income fell from $17.4m to $13.1m (-25%), an average of -9.1% a year. The sharpest change came in the year to September 2021, when income dropped by 19%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paraquad Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within MO. Charities of a similar size with the same main cause include Raymond and Ruth Perelman Jewish Day School ($13.0m), Sacramento County Tobacco Securitization Corporation ($13.1m) and American Schools Abroad Inc ($13.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $385k (3.2% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $28.3m against liabilities of $9.8m, net assets of $18.5m. It reported 95 employees.