Padua Academy Foundation

Analysis

Padua Academy Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in January 1995, 31 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 December 2023, Padua Academy Foundation reported income of $67k and spending of $125k, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $225k to $67k (-70%), an average of -26% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Padua Academy Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within DE. Charities of a similar size with the same main cause include New Covenant Christian Academy Foundation ($67k), Georgia Apartment Industry Education Foundation Inc ($67k) and Marian School Non-Profit ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.