Friends of Peb Inc

Analysis

Friends of Peb Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in January 2009, 17 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, Friends of Peb Inc reported income of $973k and spending of $868k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $674k to $973k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Peb Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Lula Lake Land Trust ($973k), The Justice Foundation ($974k) and Rhi Foundation Inc ($973k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (6.7% of expenses). Other salaries and wages came to $57k. At year end it held assets of $615k against liabilities of $4,529, net assets of $610k. It reported 3 employees.