Penn-Harris-Madison Educational Foundation Inc

Analysis

Penn-Harris-Madison Educational Foundation Inc is a registered charity in United States, based in Mishawaka, IN. It received its IRS tax-exemption ruling in January 1997, 29 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 June 2023, Penn-Harris-Madison Educational Foundation Inc reported income of $206k and spending of $250k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $325k to $206k (-37%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 122% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Penn-Harris-Madison Educational Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within IN. Charities of a similar size with the same main cause include Commonwealth Corporation Foundation ($206k), American Contract Bridge League Charity Foundation Corp ($206k) and Foundation for Dubuque Public Schools ($206k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $79k. At year end it held assets of $1.3m against liabilities of $31k, net assets of $1.2m. It reported 3 employees.