The Pegasus Foundation

Analysis

The Pegasus Foundation is a registered charity in United States, based in Hobe Sound, FL. It received its IRS tax-exemption ruling in March 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Pegasus Foundation reported income of $615k and spending of $424k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $743k to $615k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2022, when income rose by 130%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Pegasus Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Boon Philanthropy Inc ($614k), Shayla Bee Fund Inc ($615k) and Doug and Kaisa Levine Family Support Foundation ($614k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $49k. At year end it held assets of $480k against liabilities of $0, net assets of $480k.