William Penn Fraternal Association Scholarship Foundation Inc

Analysis

William Penn Fraternal Association Scholarship Foundation Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 1970, 56 years ago. 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 December 2023, William Penn Fraternal Association Scholarship Foundation Inc reported income of $68k and spending of $181k, spending 267% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $76k to $68k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2020, when income rose by 88%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, William Penn Fraternal Association Scholarship Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within PA. Charities of a similar size with the same main cause include Military Affairs Council Inc ($68k), Malta Conferences Foundation ($68k) and Friends Of-Or-Israel Charitable Trust ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $622k against liabilities of $0, net assets of $622k.

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.