Piston Foundation Inc

Analysis

Piston Foundation Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Piston Foundation Inc reported income of $428k and spending of $362k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $263k to $428k (+63%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Piston Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Band Boosters Club of Franklin Central High School Inc ($428k), Advocates for Catholic Education and Organizations ($428k) and Hawaii Performing Arts Festival Inc ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $189k against liabilities of $5,000, net assets of $184k.