Paaia Fund

Analysis

Paaia Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Paaia Fund reported income of $523k and spending of $658k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $606k to $523k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paaia Fund sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 44th percentile within DC. Charities of a similar size with the same main cause include The Cooperage Project ($523k), American Helicopter Museum & Education Center Inc ($523k) and Fredericksburg Area Museum and Cultural Center Inc ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $158k (24% of expenses). Other salaries and wages came to $217k. At year end it held assets of $185k against liabilities of $3,087, net assets of $182k. It reported 7 employees.