Papa System Inc

Analysis

Papa System Inc is a registered charity in United States, based in San Marcos, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Papa System Inc reported income of $160k and spending of $168k, spending 105% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $319k to $160k (-50%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Papa System Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Loaves and Fishes of Hobe Sound Inc ($160k), Chestnut Ferry Court Incorporated ($160k) and Kiths Integrated and Targeted Human Services ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $157k against liabilities of $14k, net assets of $143k.