Pennies in Action Foundation

Analysis

Pennies in Action Foundation is a registered charity in United States, based in Aston, PA. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Pennies in Action Foundation reported income of $166k and spending of $305k, spending 184% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $284k to $166k (-42%), an average of -13% a year. The sharpest change came in the year to December 2023, when income rose by 198%. Over the whole period it spent 156% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pennies in Action Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Lesta Hoel Memorial Trust Fund ($166k), Clermont County Chamber of Commerce Foundation ($166k) and Friends of Ste Genevieve County Memorial Hospital ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $473k against liabilities of $0, net assets of $473k.