Pby Memorial Foundation

Analysis

Pby Memorial Foundation is a registered charity in United States, based in Oak Harbor, WA. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Pby Memorial Foundation reported income of $1.3m and spending of $329k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $179k to $1.3m (+647%), an average of +65% a year. The sharpest change came in the year to December 2022, when income rose by 143%. Over the whole period it spent 38% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pby Memorial Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Arts for L a ($1.3m), Cascade School of Music ($1.3m) and Camerata Chicago ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.0% of the total. Other salaries and wages came to $96k. At year end it held assets of $4.1m against liabilities of $1.4m, net assets of $2.7m. It reported 5 employees.