Pewabic Society Inc

Analysis

Pewabic Society Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Pewabic Society Inc reported income of $3.1m and spending of $3.0m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $3.1m (+24%), an average of +5.6% a year. The sharpest change came in the year to September 2020, when income dropped by 18%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pewabic Society Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Language Conservancy ($3.1m), Amant Foundation USA ($3.1m) and Scottsdale Museum of the West Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $163k (5.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.2m against liabilities of $1.4m, net assets of $3.8m. It reported 57 employees.