John B Pierce Foundation

Analysis

John B Pierce Foundation is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in April 1951, 75 years ago. 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 December 2023, John B Pierce Foundation reported income of $424k and spending of $2.3m, spending 550% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $373k to $424k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 162% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, John B Pierce Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Calvary Apartments Inc ($424k), Honor Flight Maine Inc ($424k) and Society of American Military Engineers ($424k).

Compensation of current officers, directors and key employees was $42k (1.8% of expenses). Other salaries and wages came to $17k. At year end it held assets of $15.4m against liabilities of $4,647, net assets of $15.4m.