Pursuit of Excellence

Analysis

Pursuit of Excellence is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in April 1985, 41 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 May 2024, Pursuit of Excellence reported income of $2.6m and spending of $1.1m, leaving 59% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $824k to $2.6m (+213%), an average of +33% a year. The sharpest change came in the year to May 2024, when income rose by 128%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pursuit of Excellence sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Pelican Institute for Public Policy ($2.6m), Hope of Buffalo Inc ($2.6m) and Timpson Housing Development Fund Corporation ($2.6m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $4.8m against liabilities of $0, net assets of $4.8m.