Pelican Sound Charitable Foundation Inc

Analysis

Pelican Sound Charitable Foundation Inc is a registered charity in United States, based in Estero, FL. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Pelican Sound Charitable Foundation Inc reported income of $164k and spending of $153k, spending 93% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $111k to $164k (+48%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pelican Sound Charitable Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include North Idaho Fair and Rodeo Foundation Inc ($164k), Naaa Warren Young Sr Scholastic Foundation Inc ($164k) and Gray Community Chest ($164k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 73% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.