Penn South Social Services Inc

Analysis

Penn South Social Services Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Penn South Social Services Inc reported income of $1.2m and spending of $1.3m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.2m to $1.2m (-0.6%), an average of -0.2% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Penn South Social Services Inc 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 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Apna Community Services Inc ($1.2m), Mommas Inc ($1.2m) and Vision Rescue ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $58k (4.4% of expenses). Other salaries and wages came to $30k. At year end it held assets of $2.8m against liabilities of $228k, net assets of $2.5m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.