Pinky Swear Foundation

Analysis

Pinky Swear Foundation is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Pinky Swear Foundation reported income of $4.6m and spending of $3.4m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $4.6m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pinky Swear Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Community Services of Venango County ($4.6m), Champaign Family Young Mens Christian Association ($4.6m) and North Central Community Action Agency Inc Neighborhood Center Pro ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $178k (5.3% of expenses). Other salaries and wages came to $862k. At year end it held assets of $12.7m against liabilities of $133k, net assets of $12.5m. It reported 22 employees.