Periwinkle Foundation

Analysis

Periwinkle Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 1984, 42 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, Periwinkle Foundation reported income of $1.4m and spending of $2.0m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.4m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. 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, Periwinkle Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Nova Labs Inc ($1.4m), Social Good Labs Incorporated ($1.4m) and Cherokee Crossroads Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $186k (9.5% of expenses). Other salaries and wages came to $456k. At year end it held assets of $2.0m against liabilities of $116k, net assets of $1.9m. It reported 12 employees.