Pegasus Foundation

Analysis

Pegasus Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 1980, 46 years ago. 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, Pegasus Foundation reported income of $326k and spending of $554k, spending 170% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income fell from $2.1m to $326k (-84%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pegasus Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Hartford County Fire Emergency Plan Inc ($326k), Santa Monica Police Activities League ($326k) and St Thomas Syro-Malabar Catholicchurch ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $49k (8.8% of expenses). Other salaries and wages came to $126k. At year end it held assets of $15.7m against liabilities of $6.1m, net assets of $9.6m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.