Pakis Family Foundation

Analysis

Pakis Family Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 1997, 29 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Pakis Family Foundation reported income of $483k and spending of $754k, spending 156% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $1.3m to $483k (-62%), an average of -28% a year. The sharpest change came in the year to March 2023, when income dropped by 72%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pakis Family Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within AZ. Charities of a similar size with the same main cause include Fostering Community ($483k), Child and Family Support Center Hansen Foundation Inc ($484k) and Medair United States ($483k).

At year end it held assets of $20.2m against liabilities of $260k, net assets of $19.9m.

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.