Pennon Organization

Analysis

Pennon Organization is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in October 1964, 62 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Pennon Organization reported income of $11.5m and spending of $13.4m, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $11.2m to $11.5m (+2.1%), an average of +0.7% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pennon Organization sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Regional Cultural & Performing Arts Development Commission ($11.5m), Newport Festivals Foundation Inc ($11.5m) and Buffalo Bill Memorial Association ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $1.0m (7.5% of expenses). Other salaries and wages came to $4.2m. It paid $457k in professional fundraising fees. At year end it held assets of $53.4m against liabilities of $16.4m, net assets of $37.0m. It reported 107 employees.