Pegasi Northwest

Analysis

Pegasi Northwest is a registered charity in United States, based in West Jordan, UT. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Pegasi Northwest reported income of $310k and spending of $288k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $227k to $310k (+36%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pegasi Northwest sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within UT. Charities of a similar size with the same main cause include Catholic Peace Times Weelky Inc ($310k), Tizmoret Inc ($310k) and Pricketts Fort Memorial Foundation Inc ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 86% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.