Pan-Icarian Foundation

Analysis

Pan-Icarian Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 1967, 59 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 June 2023, Pan-Icarian Foundation reported income of $193k and spending of $347k, spending 180% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $591k to $193k (-67%), an average of -24% a year. The sharpest change came in the year to June 2021, when income rose by 390%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pan-Icarian Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Sheetz Share the Love Employee Relief Fund ($193k), Monteverde Friends U S Inc ($193k) and Jeremiah 29 11 Inc ($193k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $6.2m against liabilities of $0, net assets of $6.2m.