Praed Foundation

Analysis

Praed Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Praed Foundation reported income of $1.5m and spending of $2.2m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $1.5m (-43%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Praed Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Scarc Foundation Inc ($1.5m), Memory Matters ($1.5m) and Livewell Northwest Kansas Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $1.6m against liabilities of $449k, net assets of $1.2m.