The Padua Center

Analysis

The Padua Center is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, The Padua Center reported income of $119k and spending of $142k, spending 119% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $137k to $119k (-13%), an average of -13% a year. Over the whole period it spent 129% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Padua Center sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within OH. Charities of a similar size with the same main cause include Oakridge High School Theater Arts Booster Club ($119k), Valencia Instrumental Parents Inc ($119k) and Chinese Language Association of Secondary Elementary Schools Inc ($119k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $155k against liabilities of $2,314, net assets of $153k.