Pilgrim Partners Inc

Analysis

Pilgrim Partners Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in July 2000, 26 years ago. 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, Pilgrim Partners Inc reported income of $363k and spending of $456k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $333k to $363k (+8.9%), an average of +2.2% a year. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pilgrim Partners Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Crossroads Community Center ($363k), Yorktown Emergency Medical Service ($363k) and Disciples Homes of Longview Texas Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. At year end it held assets of $2.8m against liabilities of $4.6m, net assets of -$1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.