Pillar Foundation

Analysis

Pillar Foundation is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Pillar Foundation reported income of $494k and spending of $283k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $494k (+818%), an average of +818% a year. The sharpest change came in the year to December 2023, when income rose by 818%. Over the whole period it spent 59% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pillar Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Chebeague Recreation Center Inc ($493k), Medina Athletic Boosters Club ($494k) and Hypothekids Inc ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $50k (18% of expenses). At year end it held assets of $224k against liabilities of $0, net assets of $224k.