Penn Foundation Trust

Analysis

Penn Foundation Trust is a registered charity in United States, based in Sellersville, PA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Penn Foundation Trust reported income of $383k and spending of $186k, leaving 51% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $732k to $383k (-48%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 379%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Penn Foundation Trust sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Care for Humanity ($383k), The Ladder Community Center ($383k) and Abny Foundation Inc ($382k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.2% of the total. At year end it held assets of $7.9m against liabilities of $37k, net assets of $7.9m.