Patrons of the Prado

Analysis

Patrons of the Prado is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Patrons of the Prado reported income of $382k and spending of $436k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $366k to $382k (+4.4%), an average of +1.1% a year. The sharpest change came in the year to September 2022, when income rose by 117%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Patrons of the Prado sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Mac Sports Foundation ($381k), Open Hands Foundation ($382k) and Kids in Need Distribution Inc ($381k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $414k against liabilities of $0, net assets of $414k.