Pennswood Village

Analysis

Pennswood Village is a registered charity in United States, based in Newtown, PA. It received its IRS tax-exemption ruling in March 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Pennswood Village reported income of $35.9m and spending of $34.8m, spending 97% of its income. Across the 4 years on record, from March 2020 to March 2023, income fell from $35.9m to $35.9m (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to March 2021, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pennswood Village 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 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Cornwall Manor ($35.9m), Area Agency on Aging of Pasco-Pinellas Inc ($35.9m) and Delta Projects Inc ($35.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 2.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $833k (2.4% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $131.5m against liabilities of $109.9m, net assets of $21.7m. It reported 490 employees.