Penick Village Foundation Inc

Analysis

Penick Village Foundation Inc is a registered charity in United States, based in Southern Pnes, NC. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Penick Village Foundation Inc reported income of $1.8m and spending of $761k, leaving 58% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $743k to $1.8m (+141%), an average of +25% a year. The sharpest change came in the year to September 2023, when income rose by 144%. Over the whole period it spent 66% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Penick Village Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Council Towers IV Housing Development Fund Corporation ($1.8m), Lester and Rosalie Anixter Center ($1.8m) and Habitat for Humanity International Inc ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $3.2m against liabilities of $309k, net assets of $2.9m.