Penny Pitch Inc

Analysis

Penny Pitch Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in May 1990, 36 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 June 2024, Penny Pitch Inc reported income of $51k and spending of $61k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $104k to $51k (-51%), an average of -16% a year. The sharpest change came in the year to June 2022, when income rose by 91%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Penny Pitch Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within IN. Charities of a similar size with the same main cause include Seton Food Pantry Inc ($51k), Love the Child ($51k) and Faith in Action with El Salvador ($51k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 113% of the total. At year end it held assets of $7,233 against liabilities of $0, net assets of $7,233.