Padua Village Inc

Analysis

Padua Village Inc is a registered charity in United States, based in Pomona, CA. It received its IRS tax-exemption ruling in May 1982, 44 years ago. 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 March 2023, Padua Village Inc reported income of $11.2m and spending of $6.6m, leaving 41% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $8.2m to $11.2m (+36%), an average of +8.0% a year. The sharpest change came in the year to March 2021, when income rose by 19%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Padua Village Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Traditions at Westerville ($11.2m), Tolstoy Foundation Nursing Home Company Inc ($11.2m) and Agape Child and Family Services Inc ($11.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. At year end it held assets of $51.0m against liabilities of $830k, net assets of $50.2m. It reported 163 employees.