Pettaway Pursuit Foundation

Analysis

Pettaway Pursuit Foundation is a registered charity in United States, based in Drexel Hill, PA. It received its IRS tax-exemption ruling in April 2012, 14 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, Pettaway Pursuit Foundation reported income of $109k and spending of $167k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $725k to $109k (-85%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 78%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pettaway Pursuit Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include Crossroads Foundation ($109k), Pomona Community Foundation ($109k) and Walk in Love International Inc ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $27k (16% of expenses). Other salaries and wages came to $24k. At year end it held assets of $366k against liabilities of $348k, net assets of $18k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.