Washington · Nonprofit
PEGASUS PROJECT FOUNDATION
PEGASUS PROJECT FOUNDATION (Washington) receives grants from 11 organizations whose IRS filings report $702,192 to it, the largest being VANGUARD CHARITABLE ENDOWMENT PROGRAM ($490,595). 6 of them have funded it in more than one year, and 86% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $599k
- Funders on record
- 11
- Grants received
- $702k
- Net assets
- $3.0M
What Pegasus Project Foundation does
Mission
To provide quality therapeutic riding and equine related activities to people with physical and emotional needs to improve their health and well being.
As stated on its FY2025 Form 990.
Programs
Therapeutic riding: the pegasus project therapeutic riding program teaches riding skills to people with physical and emotional needs. Children and adults are offered weekly riding lessons as individuals or in a group.
$456,645 spentof which $18,872 as grants$48,656 earned by the program100% of program spendingHippotherapy: working in conjunction with children's village, the pegasus project team works to help those with special needs that cannot be met in the traditional therapeutic riding program. Physical therapists, occupational therapists, and speech therapists partner to assist children in meeting therapeutic goals.
Life skills: the life skills program works with the special education departments at local high schools to add specialized equine curriculum and unique learning experiences to students educational programming. In this program students learn how to care for an equine facility, caring for tack, anatomy of the horse, grooming and riding skills.
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $456,645.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $861k to $2.0M (+135%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 18% · 2022 14%. Grants only. Government contracts and fees sit inside program revenue.
42% of PEGASUS PROJECT FOUNDATION’s revenue is contributions — about as donation-reliant as the typical peer (91% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Jene Pleger
Executive director
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 6 funders, grant income rose $10k → $81k.
7 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 86% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of PEGASUS PROJECT FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
PEGASUS PROJECT FOUNDATION leans on a few funders — its largest provides 70% of grant income and the top three 84%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
94% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PEGASUS PROJECT FOUNDATION.
Largest funder’s share by year: 2017 100% · 2019 50% · 2020 88% · 2021 48% · 2022 51% · 2023 62% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
40% of PEGASUS PROJECT FOUNDATION's funders are still giving 3 years after their first grant; 55% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
86% of PEGASUS PROJECT FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $98k that is directly attributable, 98% of it comes from Washington funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $604k arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
PEGASUS PROJECT FOUNDATION is better cushioned than half of the 13,062 human services nonprofits its size.
this organization peer median middle 50% of peers· 13,062 human services nonprofits $100k–$1M, FY2025
Organizations like PEGASUS PROJECT FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Washington
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
75% of spending goes to programs.
Governance
Public support
70%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for PEGASUS PROJECT FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds PEGASUS PROJECT FOUNDATION?
- PEGASUS PROJECT FOUNDATION (Washington) receives grants from 11 organizations whose IRS filings report $702,192 to it, the largest being VANGUARD CHARITABLE ENDOWMENT PROGRAM ($490,595). 6 of them have funded it in more than one year, and 86% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does PEGASUS PROJECT FOUNDATION have?
- IRS filings report 11 organizations giving $702,192 in grants to PEGASUS PROJECT FOUNDATION, 6 of which have funded it in more than one year.
- Who is the largest funder of PEGASUS PROJECT FOUNDATION?
- VANGUARD CHARITABLE ENDOWMENT PROGRAM is the largest funder on record, with $490,595 in grants. The full list of funders is on this page.
- How can an organization like PEGASUS PROJECT FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Washington. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Pegasus Project →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing