The Pete Foundation Inc

Analysis

The Pete Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Pete Foundation Inc reported income of $200k and spending of $134k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $178k to $200k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 116%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Pete Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within KY. Charities of a similar size with the same main cause include North Texas Rehabilitation Foundation ($200k), Until Theres a Cure Foundation ($200k) and David M Carmines Memorial Foundation ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $1,100 (0.8% of expenses). Other salaries and wages came to $46k. At year end it held assets of $263k against liabilities of $42k, net assets of $221k. It reported 2 employees.