Penta Group Inc

Analysis

Penta Group Inc is a registered charity in United States, based in Centralia, IL. It received its IRS tax-exemption ruling in December 1988, 38 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 June 2024, Penta Group Inc reported income of $23.7m and spending of $18.4m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $18.0m to $23.7m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Penta Group Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Saddle River Day School Inc ($23.7m), Enable Inc ($23.7m) and First Nations Development Institute ($23.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $9.4m. At year end it held assets of $19.3m against liabilities of $3.1m, net assets of $16.2m. It reported 293 employees.