Pledges Inc

Analysis

Pledges Inc is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in July 2020, 6 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, Pledges Inc reported income of $371k and spending of $280k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $455k to $371k (-18%), an average of -6.5% a year. The sharpest change came in the year to December 2021, when income rose by 1585%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pledges Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include PSL Foundation ($371k), Trustees of Purdue University ($371k) and Cleansing Stream Ministries Inc ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $5.1m against liabilities of $0, net assets of $5.1m.