Pierpont Foundation Inc

Analysis

Pierpont Foundation Inc is a registered charity in United States, based in Fairmont, WV. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Pierpont Foundation Inc reported income of $141k and spending of $132k, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $143k to $141k (-1.0%), an average of -1.0% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pierpont Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within WV. Charities of a similar size with the same main cause include Wyoming Free Library ($141k), Open Fields Inc ($141k) and Extension Professional Association of Florida Inc ($141k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 3.9% of the total. At year end it held assets of $755k against liabilities of $0, net assets of $755k.