Pvblic Foundation Inc

Analysis

Pvblic Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Pvblic Foundation Inc reported income of $5.0m and spending of $5.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $5.0m (+262%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 333%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pvblic Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Northwest Arkansas Childrens Shelter Inc ($5.0m), Living and Learning Enrichment Center ($5.0m) and Lifespan Incorporated ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $515k (10% of expenses). Other salaries and wages came to $143k. At year end it held assets of $958k against liabilities of $595k, net assets of $363k. It reported 9 employees.