Pew Memorial Trust

Analysis

Pew Memorial Trust is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1959, 67 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, Pew Memorial Trust reported income of $428.6m and spending of $234.6m, leaving 45% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $155.5m to $428.6m (+176%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pew Memorial Trust sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include Johns Hopkins University ($421.3m), Long Island University ($438.6m) and Florida Hospital Ocala Inc ($402.7m).

Compensation of current officers, directors and key employees was $13.6m (5.8% of expenses). At year end it held assets of $3.97bn against liabilities of $0, net assets of $3.97bn.