Pittsburgh Penguins Foundation

Analysis

Pittsburgh Penguins Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 2010, 16 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, Pittsburgh Penguins Foundation reported income of $4.0m and spending of $4.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $4.0m (+1.2%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 91%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pittsburgh Penguins Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Tikun Olam Foundation ($4.0m), United Way Foundation of Metropolitan Dallas ($4.0m) and United Way of the Southern Tier Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $2.2m against liabilities of $1.4m, net assets of $783k.