Penn Foundation Inc

Analysis

Penn Foundation Inc is a registered charity in United States, based in Sellersville, PA. It received its IRS tax-exemption ruling in May 1959, 67 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Penn Foundation Inc reported income of $28.6m and spending of $29.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.7m to $28.6m (+3.2%), an average of +0.8% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Penn Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include E a Hawse Health Center Inc ($28.6m), Vna Health ($28.6m) and Indiana Jefferson Radiation Oncology Inc ($28.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. At year end it held assets of $28.5m against liabilities of $9.3m, net assets of $19.2m.