The Penguin Project Foundation Inc

Analysis

The Penguin Project Foundation Inc is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in January 2007, 19 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 April 2024, The Penguin Project Foundation Inc reported income of $295k and spending of $158k, leaving 47% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $197k to $295k (+50%), an average of +11% a year. The sharpest change came in the year to April 2024, when income rose by 85%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Penguin Project Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Dupont Circle Village ($295k), Patchwork ($295k) and Tal Children S Rescue Centers Inc ($295k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 52% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $52k (33% of expenses). At year end it held assets of $913k against liabilities of $18k, net assets of $895k. It reported 2 employees.