Pencils for Kids Inc

Analysis

Pencils for Kids Inc is a registered charity in United States, based in Rancho Mirage, CA. It received its IRS tax-exemption ruling in December 2008, 18 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 December 2023, Pencils for Kids Inc reported income of $297k and spending of $307k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $131k to $297k (+127%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pencils for Kids 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 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Hilton Head Island All Sports Booster Club Inc ($297k), Rotary Club of Schaumburg-Hoffman Estates Charitable Foundation Inc ($297k) and Second Chance Re-Entry Initiative Program ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $312, net assets of $46k.