Pgei of America Charitable Foundation Inc

Analysis

Pgei of America Charitable Foundation Inc is a registered charity in United States, based in Kenilworth, NJ. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Pgei of America Charitable Foundation Inc reported income of $215k and spending of $212k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $215k (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 162%. Over the whole period it spent 125% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pgei of America Charitable Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Pearl Elegance Foundation ($215k), Ohio Coalition on Black Civic Participation ($215k) and Bigass Crawfish Bash Foundation ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% of the total. Other salaries and wages came to $15k. At year end it held assets of $742k against liabilities of $13k, net assets of $729k.