Petty Family Foundation Inc

Analysis

Petty Family Foundation Inc is a registered charity in United States, based in Randleman, NC. It received its IRS tax-exemption ruling in March 2010, 16 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, Petty Family Foundation Inc reported income of $324k and spending of $299k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $349k to $324k (-7.2%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Petty Family Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Choptank Electric Trust Inc ($324k), Volunteer Alexandria Inc ($324k) and Floridas Natural Growers Foundation Inc ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $94k (31% of expenses). At year end it held assets of $208k against liabilities of $0, net assets of $208k.