Pierce College Foundation

Analysis

Pierce College Foundation is a registered charity in United States, based in Puyallup, WA. It received its IRS tax-exemption ruling in May 1979, 47 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pierce College Foundation reported income of $492k and spending of $402k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $492k (-78%), an average of -31% a year. The sharpest change came in the year to December 2022, when income rose by 138%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pierce College Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include St Vincent de Paul Society Particular Council of Denver ($492k), Red Brick Nursery School Inc ($492k) and Camp Verde RHF Housing Inc ($492k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 5.3% of the total. At year end it held assets of $7.2m against liabilities of $2.1m, net assets of $5.2m.