Pledger Charitable Ltd

Analysis

Pledger Charitable Ltd is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2021, 5 years ago. 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 May 2023, Pledger Charitable Ltd reported income of $34.4m and spending of $34.0m, spending 99% of its income. Across the 3 years on record, from May 2021 to May 2023, income grew from $410k to $34.4m (+8290%), an average of +816% a year. The sharpest change came in the year to May 2022, when income rose by 2405%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pledger Charitable Ltd sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Iberia Comprehensive Community Health Center ($34.4m), New York City Criminal Justice Agency ($34.4m) and Cornerstone Montgomery Inc ($34.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $72k. At year end it held assets of $6.7m against liabilities of $1.5m, net assets of $5.1m.