Penguin Club

Analysis

Penguin Club is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in July 1974, 52 years ago. 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 2024, Penguin Club reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $842k to $1.4m (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 128%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Penguin Club sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include St Lukes Williamsbrige Housing Development Fund Company Inc ($1.4m), Society of Actuaries ($1.4m) and Vermont Rural Water Association ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $51k (3.6% of expenses). At year end it held assets of $3.5m against liabilities of $284k, net assets of $3.2m. It reported 3 employees.