Pierce Arrow Foundation

Analysis

Pierce Arrow Foundation is a registered charity in United States, based in Hickory CRNRS, MI. It received its IRS tax-exemption ruling in July 2019, 7 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 (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, Pierce Arrow Foundation reported income of $53k and spending of $55k, spending 105% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $371k to $53k (-86%), an average of -48% a year. The sharpest change came in the year to December 2021, when income dropped by 115%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pierce Arrow Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within MI. Charities of a similar size with the same main cause include Jones River Village Historical Society Inc ($53k), Marlene Yu Museum ($53k) and Gujarati Samaj of Gatorland Inc ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 25% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.