Nicholas Pedone Foundation

Analysis

Nicholas Pedone Foundation is a registered charity in United States, based in Glen Head, NY. It received its IRS tax-exemption ruling in April 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, Nicholas Pedone Foundation reported income of $115k and spending of $75k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $115k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nicholas Pedone Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Mission Fulfilled 2030 ($115k), St Noel Endowment Fund ($115k) and My Padnas Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $456k against liabilities of $3,450, net assets of $453k.