The William H Pitt III Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
The William H Pitt III Foundation Inc is a 501(c)(3) organization based in West Palm Bch, Florida, registered in 1986, with $4,663,027 in FY2023 revenue. CharityIndex grades it C+.
505 S Flagler Dr Ste 1100, West Palm Bch, FL, 33401 EIN 22-2570737 Since 1986
Revenue (FY2023)
$4.7M
▼ 30.1% vs prior year
Expenses (FY2023)
$4.3M
Net assets
$54.0M
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 The William H Pitt III Foundation Inc— 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 rating152 mo reserves · +9% 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 The William H Pitt III Foundation Inc: 152 mo reserves · +9% 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 The William H Pitt III Foundation Inc— 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 The William H Pitt III Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 505 S Flagler Dr Ste 1100, West Palm Bch, FL, 33401
- City
- West Palm Bch
- State
- Florida
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $7.6M (FY2013) to $4.7M (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $79KNet assets $54.0M
Operating margin
8.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$54.0M
Total liabilities
$79K
Net assets
$54.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $4,663,027▼30.1% | $4,258,135▲8.4% | $53,952,466▲10.5% | $54,031,246▲10.2% | 990PF |
| 2022 | $6,671,493▲34.9% | $3,928,071▲24.8% | $48,806,843▲6.5% | $49,024,744▲6.7% | 990PF |
| 2021 | $4,946,072▲32.4% | $3,147,688▼5.2% | $45,841,839▼8.9% | $45,941,898▼8.8% | 990PF |
| 2020 | $3,734,521▼17.5% | $3,319,989▼2.2% | $50,302,494▲9.7% | $50,365,660▲9.5% | 990PF |
| 2019 | $4,527,173▲95.5% | $3,395,236▼6.7% | $45,872,290▲4.3% | $45,987,936▲2.5% | 990PF |
| 2018 | $2,315,615▲107% | $3,637,452▼57.4% | $43,960,595▼17.1% | $44,873,795▼15.6% | 990PF |
| 2014 | $1,118,538▼85.3% | $8,545,432▲6.4% | $53,028,143▼12.3% | $53,143,473▼12.3% | 990PF |
| 2013 | $7,599,889 | $8,032,738▲60.2% | $60,455,040▼0.7% | $60,570,340▼0.8% | 990PF |
| 2012 | — | $5,014,211▲13.6% | $60,887,889▼0.8% | $61,037,989▼1.2% | 990PF |
| 2011 | — | $4,414,931▼7.3% | $61,395,916▲1.1% | $61,791,169▲0.6% | 990PF |
| 2010 | — | $4,764,117 | $60,736,124 | $61,445,936 | 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.
Frequently asked questions
- Is The William H Pitt III Foundation Inc a legitimate nonprofit?
- Yes. The William H Pitt III Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2570737, based in West Palm Bch, Florida. Donations are tax-deductible.
- What is The William H Pitt III Foundation Inc's EIN?
- The William H Pitt III Foundation Inc's Employer Identification Number (EIN) is 22-2570737.
- How much revenue does The William H Pitt III Foundation Inc report?
- The William H Pitt III Foundation Inc reported $4,663,027 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does The William H Pitt III Foundation Inc have?
- CharityIndex grades The William H Pitt III Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for The William H Pitt III Foundation Inc (EIN 22-2570737) 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.