P & B Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
P & B Foundation is a 501(c)(3) organization based in Matthews, North Carolina, registered in 1971, with $1,285,269 in FY2024 revenue. CharityIndex grades it C+.
1025 Holleybank Dr, Matthews, NC, 28105 EIN 23-7083912 Since 1971
Revenue (FY2024)
$1.3M
▲ 156.0% vs prior year
Expenses (FY2024)
$629K
Net assets
$9.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
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 P & B Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating174 mo reserves · +51% margin
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 P & B Foundation: 174 mo reserves · +51% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 P & B Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 P & B Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1025 Holleybank Dr, Matthews, NC, 28105
- City
- Matthews
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $141K (FY2019) to $1.3M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $9.1M
Operating margin
51.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$9.1M
Total liabilities
$0
Net assets
$9.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,285,269▲156% | $628,766▲16.4% | $9,134,497▲7.6% | $9,134,497▲7.6% | 990PF |
| 2023 | $502,146▼36.8% | $539,964▲6.4% | $8,487,642▼0.6% | $8,487,642▼1.2% | 990PF |
| 2022 | $794,894▲29249% | $507,609▼9.8% | $8,534,970▲3.4% | $8,593,226▲1.5% | 990PF |
| 2021 | -$2,727▲99.8% | $562,988▼78.6% | $8,257,349▼5.9% | $8,465,605▼5.7% | 990PF |
| 2020 | -$1,619,958▼1245% | $2,625,042▲665% | $8,771,161▼32.7% | $8,979,417▼32.1% | 990PF |
| 2019 | $141,466 | $343,119 | $13,025,538 | $13,233,794 | 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.
Grants received · $500K total
1 grant to P & B Foundation totaling $500K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Liberty University Inc | Global missions | 2015 | $500,000 |
Frequently asked questions
- Is P & B Foundation a legitimate nonprofit?
- Yes. P & B Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7083912, based in Matthews, North Carolina. Donations are tax-deductible.
- What is P & B Foundation's EIN?
- P & B Foundation's Employer Identification Number (EIN) is 23-7083912.
- How much revenue does P & B Foundation report?
- P & B Foundation reported $1,285,269 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does P & B Foundation have?
- CharityIndex grades P & B Foundation C+, based on financial health (reserves and operating margin).
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Explore more
Data for P & B Foundation (EIN 23-7083912) 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.