Pharmacists Mutual Foundation Inc

Analysis

Pharmacists Mutual Foundation Inc is a registered charity in United States, based in Algona, IA. It received its IRS tax-exemption ruling in July 1987, 39 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 June 2024, Pharmacists Mutual Foundation Inc reported income of $79k and spending of $58k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $93k to $79k (-16%), an average of -16% a year. The sharpest change came in the year to June 2024, when income dropped by 16%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pharmacists Mutual Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within IA. Charities of a similar size with the same main cause include Music for Movements Inc ($79k), Brainerd Lakes BMX Association Inc ($79k) and PTA Texas Congress ($79k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 0.0% of the total. At year end it held assets of $140k against liabilities of $0, net assets of $140k.