Pad Project

Analysis

Pad Project is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Pad Project reported income of $833k and spending of $859k, spending 103% of its income. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Pad Project sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Physicians for Social Responsibility Inc ($832k), Uganda Christian University Partners ($834k) and Requipment Durable Medical Equipment Reuse Program ($829k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (8.7% of expenses). Other salaries and wages came to $187k. At year end it held assets of $903k against liabilities of $220k, net assets of $683k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.