The Pittsburgh Foundation

Analysis

The Pittsburgh Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 1994, 32 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 Pittsburgh Foundation reported income of $80.3m and spending of $80.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $88.5m to $80.3m (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 74% 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 Pittsburgh Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include The Golden L E a F Long-Term Economic Advancement Foundation in ($79.1m), United Way of Greater St Louis Inc ($80.7m) and Stifel Charitable Inc ($79.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $1.8m (2.2% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $1.40bn against liabilities of $77.5m, net assets of $1.32bn. It reported 84 employees.