The Pals for Life Foundation

Analysis

The Pals for Life Foundation is a registered charity in United States, based in N Chatham, MA. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, The Pals for Life Foundation reported income of $98k and spending of $66k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $98k (-91%), an average of -91% a year. The sharpest change came in the year to December 2023, when income dropped by 91%. Over the whole period it spent 8.4% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Pals for Life Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include White Oak Housing Foundation ($98k), Taiwan Mission Foundation Inc ($98k) and Bootheel Youth Organization ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.