Pellston Education Foundation

Analysis

Pellston Education Foundation is a registered charity in United States, based in Pellston, MI. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Pellston Education Foundation reported income of $61k and spending of $16k, leaving 74% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $61k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 15% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pellston Education Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within MI. Charities of a similar size with the same main cause include Blue Beards for Charity ($61k), Teach Men to Fish ($61k) and Penn Yan Lions Foundation Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $223k against liabilities of $0, net assets of $223k.