Penncares

Analysis

Penncares is a registered charity in United States, based in Hanover, PA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Penncares reported income of $3.3m and spending of $3.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $3.3m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Penncares sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Panhandle Regional Advisory Council Trauma Service Area a ($3.3m), Mental Health America Wabash Valley Region Inc ($3.3m) and Western Maryland Health System Foundation Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.2% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $117k (3.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $7.2m against liabilities of $201k, net assets of $7.0m. It reported 148 employees.