Pennfield School Inc

Analysis

Pennfield School Inc is a registered charity in United States, based in Portsmouth, RI. It received its IRS tax-exemption ruling in September 1971, 55 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pennfield School Inc reported income of $3.5m and spending of $3.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.1m to $3.5m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pennfield School Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within RI. Charities of a similar size with the same main cause include Firm Foundation Columbus Village ($3.5m), Ohio State Moose Association Museum Inc ($3.5m) and Precious Blood Ministry of Reconciliation NFP ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $302k (8.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.7m against liabilities of $766k, net assets of $1.9m. It reported 63 employees.