Perfectly Flawed Foundation

Analysis

Perfectly Flawed Foundation is a registered charity in United States, based in LA Salle, IL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Perfectly Flawed Foundation reported income of $664k and spending of $582k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $664k (+204%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 268%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Perfectly Flawed Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Youngstown Warren Regional Chamber of Commerce Foundation ($664k), Positive Workforce Coalition Inc ($664k) and Region V Community Development Corporation ($664k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $65k (11% of expenses). Other salaries and wages came to $206k. At year end it held assets of $448k against liabilities of $2,841, net assets of $446k. It reported 10 employees.