Pentangle

Analysis

Pentangle is a registered charity in United States, based in Woodstock, VT. It received its IRS tax-exemption ruling in September 1975, 51 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pentangle reported income of $499k and spending of $623k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $375k to $499k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 336%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pentangle sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 65th percentile within VT. Charities of a similar size with the same main cause include Rock Cats Rescue Inc ($498k), Community Music School of Buffalo ($499k) and Reefs Unknown Inc ($498k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $65k (11% of expenses). Other salaries and wages came to $131k. At year end it held assets of $592k against liabilities of $232k, net assets of $360k. It reported 17 employees.