Edward Boss Prado Foundation

Analysis

Edward Boss Prado Foundation is a registered charity in United States, based in Morgan Hill, CA. It received its IRS tax-exemption ruling in March 2016, 10 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, Edward Boss Prado Foundation reported income of $313k and spending of $215k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $245k to $313k (+28%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Edward Boss Prado Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Six13 Guard Inc ($313k), Allegheny General Hospital Auxillary ($313k) and YMCA Emergency Assistance Fund ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $324k against liabilities of $3,498, net assets of $320k.