Phoebe Pember Foundation

Analysis

Phoebe Pember Foundation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Phoebe Pember Foundation reported income of $298k and spending of $290k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $229k to $298k (+30%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Phoebe Pember Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within SC. Charities of a similar size with the same main cause include Twelve Baskets ($298k), Mission of Hope House of Wisconsin Inc ($298k) and Neighborhoods Hands ($298k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $63k (22% of expenses). Other salaries and wages came to $41k. At year end it held assets of $180k against liabilities of $24k, net assets of $156k. It reported 3 employees.