Ray Pfeifer Foundation Inc

Analysis

Ray Pfeifer Foundation Inc is a registered charity in United States, based in Massapequa Park, NY. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Ray Pfeifer Foundation Inc reported income of $170k and spending of $261k, spending 153% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $365k to $170k (-53%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ray Pfeifer Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Love in the Name of Christ of South Lee and North Collier Commun ($170k), Open Hands United Christian Ministry Inc ($170k) and Teen Talking Circles ($170k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 88% of the total. At year end it held assets of $425k against liabilities of $0, net assets of $425k.