Picket Fence Foundation

Analysis

Picket Fence Foundation is a registered charity in United States, based in Chillicothe, IL. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Picket Fence Foundation reported income of $667k and spending of $668k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $169k to $667k (+296%), an average of +99% a year. The sharpest change came in the year to December 2022, when income rose by 411%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Picket Fence Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Pennsyvania State Association of County Fairs ($667k), Roots Colorado ($667k) and Morningstars Development Company Inc ($667k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% of the total. Other salaries and wages came to $33k. At year end it held assets of $1.0m against liabilities of $495k, net assets of $554k. It reported 63 employees.