Penn Foundation

Analysis

Penn Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Penn Foundation reported income of $72k and spending of $63k, spending 88% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $65k to $72k (+9.9%), an average of +9.9% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Penn Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Seeds for Hope of Northeast Iowa ($72k), Helping Hands of Jackson County Inc ($72k) and Cleveland Park Kinderhaus Ltd ($72k).

At year end it held assets of $490k against liabilities of $0, net assets of $490k.