Pledgeling Foundation

Analysis

Pledgeling Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Pledgeling Foundation reported income of $59.7m and spending of $54.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.0m to $59.7m (+567%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 206%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pledgeling Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Community Initiatives ($59.4m), Lions Clubs International FTDN ($60.3m) and Dayton Foundation ($59.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. It paid $17.6m in professional fundraising fees. At year end it held assets of $11.0m against liabilities of $4.7m, net assets of $6.3m.