Paraquad 5240 Inc

Analysis

Paraquad 5240 Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Paraquad 5240 Inc reported income of $809k and spending of $2.1m, spending 255% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $952k to $809k (-15%), an average of -4.0% a year. The sharpest change came in the year to September 2020, when income dropped by 34%. Over the whole period it spent 252% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Paraquad 5240 Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within MO. Charities of a similar size with the same main cause include Rescue Hose Co No 4 of Lebanon ($808k), Creedmoor Volunteer Fire Dept ($809k) and Twin Valley Fire Dept ($807k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 111% of the total. Other salaries and wages came to $14k. At year end it held assets of $19.2m against liabilities of $25.1m, net assets of -$5.8m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.