Peggy Browning Fund

Analysis

Peggy Browning Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2024, Peggy Browning Fund reported income of $562k and spending of $1.1m, spending 202% of what it took in. Across the 6 years on record, from December 2019 to March 2024, income fell from $1.2m to $562k (-51%), an average of -13% a year. The sharpest change came in the year to March 2023, when income rose by 380%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peggy Browning Fund sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Fathers Harbor Academy Inc ($562k), Discovery Preschool & Childcare Inc ($562k) and Foundation for American Christian Education ($562k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 108% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $147k (13% of expenses). Other salaries and wages came to $174k. At year end it held assets of $1.3m against liabilities of $365k, net assets of $928k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.