Penobscot Foundation for Developmental Services

Analysis

Penobscot Foundation for Developmental Services is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in May 1984, 42 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Penobscot Foundation for Developmental Services reported income of $596k and spending of $344k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $407k to $596k (+46%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 109%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Penobscot Foundation for Developmental Services sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within ME. Charities of a similar size with the same main cause include The Phoenix Chorale ($596k), Vigo County Historical Society ($596k) and Winchester Cooperative Nursery School Inc ($595k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 48% of the total. At year end it held assets of $8.6m against liabilities of $1.1m, net assets of $7.5m.