Penobscot Christian School

Analysis

Penobscot Christian School is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Penobscot Christian School reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $612k to $1.3m (+110%), an average of +20% a year. The sharpest change came in the year to April 2024, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Penobscot Christian School sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within ME. Charities of a similar size with the same main cause include Netzach Educational Network Inc ($1.3m), Reading Is Fundamental Pittsburg ($1.3m) and Manchester Youth Development Center Inc ($1.3m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $740k. At year end it held assets of $778k against liabilities of $415k, net assets of $363k. It reported 50 employees.