Pinellas Community Foundation

Analysis

Pinellas Community Foundation is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in May 1971, 55 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, Pinellas Community Foundation reported income of $13.9m and spending of $12.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.3m to $13.9m (-9.1%), an average of -2.4% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pinellas Community Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Community Foundation of the Napa Valley ($13.9m), Jewish Federation of Greater Dallas ($14.0m) and Jewish Federation of Northern New Jersey Inc ($13.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $245k (1.9% of expenses). Other salaries and wages came to $628k. At year end it held assets of $140.8m against liabilities of $7.3m, net assets of $133.5m. It reported 12 employees.