Pound the Pavement 501 Inc

Analysis

Pound the Pavement 501 Inc is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in August 2015, 11 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, Pound the Pavement 501 Inc reported income of $106k and spending of $104k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $106k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pound the Pavement 501 Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include The Ascension Fund Inc ($106k), Fredette Family Foundation ($106k) and Silver Sobriety Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.