Playpenn Inc

Analysis

Playpenn Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Playpenn Inc reported income of $210k and spending of $397k, spending 189% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.1m to $210k (-81%), an average of -34% a year. The sharpest change came in the year to September 2022, when income rose by 92%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Playpenn Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Amana Colonies Festivals Inc ($210k), Ventura County Ballet Company ($210k) and San Francisco Independent Film Festival ($210k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $201k (51% of expenses). At year end it held assets of $19k against liabilities of $8,272, net assets of $10k. It reported 4 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.