Pi Foundation Inc

Analysis

Pi Foundation Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in August 2003, 23 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, Pi Foundation Inc reported income of $7.9m and spending of $5.3m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.4m to $7.9m (-70%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 192%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pi Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within UT. Charities of a similar size with the same main cause include Central Texas Community Foundation Inc ($7.8m), The Community Foundation of the Texas Hill Country Inc ($7.9m) and Ok Foundation ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 2.6% of the total. At year end it held assets of $34.7m against liabilities of $0, net assets of $34.7m.