Padres Foundation

Analysis

Padres Foundation is a registered charity in United States, based in San Diego, CA. 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 (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, Padres Foundation reported income of $4.5m and spending of $1.7m, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $983k to $4.5m (+359%), an average of +46% a year. The sharpest change came in the year to December 2022, when income rose by 167%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Padres Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Simply Distribute Charitable Foundation ($4.5m), Colorado Springs Health Foundation ($4.5m) and Axia International ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $6.8m against liabilities of $251k, net assets of $6.5m.