John T Paolella Family Charitable Foundation

Analysis

John T Paolella Family Charitable Foundation is a registered charity in United States, based in Burr Ridge, IL. It received its IRS tax-exemption ruling in March 2021, 5 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, John T Paolella Family Charitable Foundation reported income of $145k and spending of $12k, leaving 92% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $908k to $145k (-84%), an average of -84% a year. The sharpest change came in the year to December 2023, when income dropped by 84%. Over the whole period it spent 3.0% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, John T Paolella Family Charitable Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include South Montgomery County Friends of the Library Inc ($145k), O Donnell & Friends Charities ($145k) and Noble Charities Foundation ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.