Karen & Drew Peslar Foundation is a 501(c)(3) organization based in Birmingham, Michigan, registered in 1998, with $488,460 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$488K
▼ 9.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$525K
Net assets
$5.1M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Karen & Drew Peslar Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Karen & Drew Peslar Foundation: 116 mo reserves · -7% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Karen & Drew Peslar Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Karen & Drew Peslar Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $430K (FY2020) to $488K (FY2024) across 5 reported years.
Financial snapshot
Operating margin
-7.5%
Spent more than it raised in the latest fiscal year.
Total assets
$5.3M
Total liabilities
$180K
Net assets
$5.1M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $488,460▼9.7% | $524,884▼21.7% | $5,084,007▼0.7% | $5,264,453▼0.5% | 990PF |
| 2023 | $540,830▲0.4% | $670,183▲4.8% | $5,120,431▼5.9% | $5,291,867▼5.6% | 990PF |
| 2022 | $538,668▼41.5% | $639,445▲0.5% | $5,442,985▼3.3% | $5,608,033▼3.1% | 990PF |
| 2021 | $920,297▲114% | $636,251▲3.4% | $5,629,174▲5.3% | $5,788,447▲3.9% | 990PF |
| 2020 | $429,648 | $615,187 | $5,345,128 | $5,573,302 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Karen & Drew Peslar Foundation (EIN 38-3374272) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.