Pennies for Education and Health Foundation

Analysis

Pennies for Education and Health Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2004, 22 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 for Education and Health Foundation reported income of $375k and spending of $189k, leaving 50% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $121k to $375k (+210%), an average of +25% a year. The sharpest change came in the year to December 2019, when income rose by 73%. Over the whole period it spent 74% 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 for Education and Health Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include World Stewardship Institute ($375k), Gavers Community Cancer Foundation ($375k) and Rav Aryeh Leib Foundation Inc ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.