James Penny House

Analysis

James Penny House is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, James Penny House reported income of $926k and spending of $1.1m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $722k to $926k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, James Penny House sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Dunklin County Transit Services Inc ($926k), Poetic ($926k) and The Partnership for Children ($926k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $107k (9.6% of expenses). Other salaries and wages came to $653k. At year end it held assets of $209k against liabilities of $0, net assets of $209k. It reported 23 employees.