Paladin Inc

Analysis

Paladin Inc is a registered charity in United States, based in Michigan City, IN. It received its IRS tax-exemption ruling in April 1968, 58 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 June 2023, Paladin Inc reported income of $16.8m and spending of $17.6m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $16.8m (+63%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Paladin Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Central State Community Services Inc ($16.7m), Phoenixville Area Community Services Inc ($16.8m) and Miami Lighthouse for the Blind and Visually Impaired Inc ($16.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $107k (0.6% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $7.7m against liabilities of $1.2m, net assets of $6.5m. It reported 359 employees.