Evansville P-47 Foundation Inc

Analysis

Evansville P-47 Foundation Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in May 2021, 5 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, Evansville P-47 Foundation Inc reported income of $566k and spending of $160k, leaving 72% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.4m to $566k (-58%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 18% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Evansville P-47 Foundation 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 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include Ok Mozart Inc ($566k), Greater Northshire Access Television Inc ($566k) and Kids Discovery Museum ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. At year end it held assets of $3.3m against liabilities of $682k, net assets of $2.6m.