P I Foundation

Analysis

P I Foundation is a registered charity in United States, based in Newton, IA. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, P I Foundation reported income of $1.2m and spending of $566k, leaving 52% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+5.7%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 50% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, P I Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Pond Home Community Inc ($1.2m), Jewel Foundation Incorporated ($1.2m) and Partnership in Housing Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $59k (10% of expenses). Other salaries and wages came to $53k. At year end it held assets of $11.9m against liabilities of $768k, net assets of $11.2m.