Penny Pinchers of Youngstown

Analysis

Penny Pinchers of Youngstown is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in May 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Penny Pinchers of Youngstown reported income of $72k and spending of $76k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $72k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Penny Pinchers of Youngstown sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within OH. Charities of a similar size with the same main cause include Park City Chamber Music Society Inc ($72k), Junior Auxiliary of Rankin County Mississippi Inc ($72k) and Yarbo Volunteer Fire Department ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $6,107 against liabilities of $0, net assets of $6,107.