Pilobolus Inc

Analysis

Pilobolus Inc is a registered charity in United States, based in Washington, CT. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pilobolus Inc reported income of $1.9m and spending of $2.1m, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.5m to $1.9m (-26%), an average of -7.2% a year. The sharpest change came in the year to September 2022, when income rose by 178%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pilobolus Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Via Institute on Character ($1.9m), Metroeast Community Media ($1.9m) and Lincoln Childrens Museum ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 33% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $99k (4.7% of expenses). Other salaries and wages came to $834k. It paid $28k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $219k, net assets of $1.2m. It reported 38 employees.