Pencil Inc

Analysis

Pencil Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Pencil Inc reported income of $3.5m and spending of $3.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.5m (+24%), an average of +5.5% a year. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pencil Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Hattie Larlham Foundation ($3.5m), Ipd Breakthrough Fund ($3.5m) and American Friends of Orchot Torah Drav Shteinman Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $916k (27% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.1m against liabilities of $577k, net assets of $2.5m. It reported 39 employees.