Pencil Box Inc

Analysis

Pencil Box Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Pencil Box Inc reported income of $994k and spending of $998k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $994k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pencil Box Inc 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 80th percentile within OK. Charities of a similar size with the same main cause include Palm Academy Inc ($994k), Essie Mae Kiser Foxx Charter School ($994k) and Winners Circle Project ($993k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $44k (4.4% of expenses). Other salaries and wages came to $99k. At year end it held assets of $5.4m against liabilities of $128k, net assets of $5.3m. It reported 4 employees.