Generation Pledge Inc

Analysis

Generation Pledge Inc is a registered charity in United States, based in Vauxhall, NJ. It received its IRS tax-exemption ruling in November 2020, 6 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 (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, Generation Pledge Inc reported income of $857k and spending of $904k, spending 105% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $409k to $857k (+110%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Generation Pledge Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Harmony Acres Equestrian Center ($856k), The Oregon American Legion Foundation ($858k) and House of Life and Hope Inc ($856k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $313k (35% of expenses). At year end it held assets of $603k against liabilities of $10k, net assets of $593k.