PPL Foundation

Analysis

PPL Foundation is a registered charity in United States, based in Chatham, VA. It received its IRS tax-exemption ruling in August 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, PPL Foundation reported income of $161k and spending of $425k, spending 265% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $38k to $161k (+321%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 511%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, PPL Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Breast Cancer Recovery Foundation Inc ($161k), Our Brothers Place Company ($161k) and Sips & Kicks Foundation ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.