My Padnas Inc

Analysis

My Padnas Inc is a registered charity in United States, based in Marrero, LA. It received its IRS tax-exemption ruling in March 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, My Padnas Inc reported income of $115k and spending of $114k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $115k (+117%), an average of +117% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, My Padnas Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within LA. Charities of a similar size with the same main cause include Neiu Core Creative Opportunities Regarding Education Foundation ($115k), Mission Fulfilled 2030 ($115k) and Rob Esche Save of the Day Foundation Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.