Padula Family Foundation
Padula Family Foundation shows volatile revenue but consistent zero officer compensation and no liabilities.
EIN: 203283863 · N Kingstown, RI · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36K |
| Total Expenses | $44K |
| Program Spending | 90% |
| Net Assets | $715K |
| Transparency Score | 85/100 |
Is Padula Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Padula Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Padula Family Foundation
Padula Family Foundation (EIN: 203283863) is a nonprofit organization based in N Kingstown, RI, classified under NTEE code T12. The organization reported total revenue of $36K and total assets of $777K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Padula Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Padula Family Foundation is a micro nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $44K |
| Surplus / Deficit | $-13,924 |
| Total Assets | $715K |
| Net Assets | $715K |
| Operating Margin | -46.3% |
| Months of Reserves | 195.0 months |
Financial Health Grade: B
In 2022, Padula Family Foundation reported a deficit of $14K with expenses exceeding revenue, holds 195.0 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Padula Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -48.9% | -2.7% | -11.0% |
| 2021 | +88.1% | +2.8% | +1.7% |
| 2020 | -70.8% | +19.2% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Padula Family Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Padula Family Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated, which is highly favorable for a foundation of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Padula Family Foundation's IRS 990 filings:
- Volatile revenue streams, including negative revenue in some years (e.g., $-309,031 in 2017).
- Expenses exceeding revenue in multiple recent periods (e.g., 2022, 2020), indicating operational deficits.
Strengths
The following positive indicators were identified for Padula Family Foundation:
- Consistent 0% officer compensation across all reported periods, indicating high efficiency and dedication.
- Zero liabilities reported in all filings, demonstrating strong financial management regarding debt.
- Consistent filing of IRS Form 990s over 12 periods, indicating good transparency.
- Substantial asset base ($776,771 latest) provides a buffer despite revenue volatility.
Frequently Asked Questions about Padula Family Foundation
Is Padula Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Padula Family Foundation (EIN: 203283863) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Padula Family Foundation spend its money?
Padula Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Padula Family Foundation tax-deductible?
Padula Family Foundation is registered as a tax-exempt nonprofit (EIN: 203283863). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Padula Family Foundation's spending goes to programs?
Padula Family Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Padula Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Padula Family Foundation is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Padula Family Foundation located?
Padula Family Foundation is headquartered in N Kingstown, Rhode Island and files with the IRS under EIN 203283863. It is classified under NTEE code T12.
How many years of IRS 990 filings does Padula Family Foundation have?
Padula Family Foundation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $36K in total revenue.
Is Padula Family Foundation financially stable?
The foundation's financial stability shows volatility, with significant fluctuations in revenue, including negative figures in 2017 and 2018, and a large positive spike in 2015. While assets are substantial ($776,771 latest), consistent operational revenue is not evident.
How does the foundation manage its expenses?
Expenses have generally been managed within a reasonable range relative to assets, though in some years (e.g., 2022, 2020, 2017), expenses exceeded revenue. The consistent 0% officer compensation indicates efficient use of funds at the leadership level.
What is the primary activity of this foundation?
Based on its NTEE code T12, the Padula Family Foundation is a Private Grantmaking Foundation, meaning its primary activity is making grants to other organizations or individuals to further charitable purposes.
Filing History
IRS 990 filing history for Padula Family Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Padula Family Foundation's revenue has grown by 90.9%, moving from $16K to $30K. Total assets increased by 1022.1% over the same period, from $64K to $715K. Total functional expenses rose by 218.1%, from $14K to $44K. In its most recent filing year (2022), Padula Family Foundation reported a deficit of $14K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $30K | $44K | $715K | $0 | — | View 990 |
| 2021 | $59K | $45K | $804K | $0 | — | — |
| 2020 | $31K | $44K | $790K | $0 | — | — |
| 2019 | $107K | $37K | $803K | $0 | — | View 990 |
| 2018 | $-39,562 | $25K | $732K | $0 | — | View 990 |
| 2017 | $-309,031 | $19K | $797K | $0 | — | View 990 |
| 2016 | $18K | $12K | $1.1M | $0 | — | View 990 |
| 2015 | $1.1M | $15K | $1.1M | $0 | — | View 990 |
| 2014 | $14K | $19K | $62K | $0 | — | View 990 |
| 2013 | $11K | $11K | $67K | $0 | — | View 990 |
| 2012 | $26K | $22K | $68K | $0 | — | View 990 |
| 2011 | $16K | $14K | $64K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $30K, expenses of $44K, and assets of $715K (revenue -48.9% year-over-year).
- 2021: Revenue of $59K, expenses of $45K, and assets of $804K (revenue +88.1% year-over-year).
- 2020: Revenue of $31K, expenses of $44K, and assets of $790K (revenue -70.8% year-over-year).
- 2019: Revenue of $107K, expenses of $37K, and assets of $803K.
- 2018: Revenue of $-39,562, expenses of $25K, and assets of $732K.
- 2017: Revenue of $-309,031, expenses of $19K, and assets of $797K (revenue -1775.5% year-over-year).
- 2016: Revenue of $18K, expenses of $12K, and assets of $1.1M (revenue -98.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $15K, and assets of $1.1M (revenue +7645.6% year-over-year).
- 2014: Revenue of $14K, expenses of $19K, and assets of $62K (revenue +30.2% year-over-year).
- 2013: Revenue of $11K, expenses of $11K, and assets of $67K (revenue -59.8% year-over-year).
- 2012: Revenue of $26K, expenses of $22K, and assets of $68K (revenue +66.8% year-over-year).
- 2011: Revenue of $16K, expenses of $14K, and assets of $64K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Padula Family Foundation:
Data Sources and Methodology
This transparency report for Padula Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.