Peyback Foundation Inc

Analysis

Peyback Foundation Inc is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in February 1999, 27 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, Peyback Foundation Inc reported income of $691k and spending of $669k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $678k to $691k (+1.8%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 143%. Over the whole period it spent 123% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Peyback Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Tax Council Policy Institute ($690k), All-In to Fight Cancer ($691k) and Mill Reef Fund ($690k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $4.8m against liabilities of $0, net assets of $4.8m.