SP 1600 Penn Foundation

Analysis

SP 1600 Penn Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, SP 1600 Penn Foundation reported income of $1.0m and spending of $294k, leaving 71% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $22k to $1.0m (+4622%), an average of +162% a year. The sharpest change came in the year to June 2020, when income rose by 976%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, SP 1600 Penn Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Charter Arts Foundation ($1.0m), Prairie Hill Learning Center ($1.0m) and Seed Coalition ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $4.1m against liabilities of $19k, net assets of $4.1m.