Piggyback Foundation LLC

Analysis

Piggyback Foundation LLC is a registered charity in United States, based in Norwalk, OH. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Piggyback Foundation LLC reported income of $286k and spending of $330k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $286k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Piggyback Foundation LLC sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include More Than a Thrift Store ($286k), Mobile Meals Foundation ($286k) and Center for the Therapeutic and Educational Riding Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. Compensation of current officers, directors and key employees was $2,329 (0.7% of expenses). Other salaries and wages came to $56k. At year end it held assets of $382k against liabilities of $3,665, net assets of $378k. It reported 12 employees.