Penuel Foundation

Analysis

Penuel Foundation is a registered charity in United States, based in Olathe, KS. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, Penuel Foundation reported income of $52k and spending of $57k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $81k to $52k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Penuel Foundation 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 18th percentile within KS. Charities of a similar size with the same main cause include Indigo Spoon Foundation ($52k), Anchor Food Pantry ($52k) and Rice County Steam and Gas Engine Incorporated ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.