Pillars Fund

Analysis

Pillars Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2016, 10 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, Pillars Fund reported income of $2.4m and spending of $4.8m, spending 199% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.4m (+6.9%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 400%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pillars Fund sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Plumbing-Heating-Cooling Contrctrs Natl Assoc Educational Foundation ($2.4m), Carteret County General Hospital Foundation Corporation ($2.4m) and Lifelab Kids Foundation ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $257k (5.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $8.4m against liabilities of $196k, net assets of $8.2m. It reported 15 employees.