Pen Parentis Ltd

Analysis

Pen Parentis Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Pen Parentis Ltd reported income of $102k and spending of $95k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $102k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pen Parentis Ltd sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Tipton Community Theatre ($102k), Rain Forest Art Foundation ($102k) and The Friends of the Jacobus Vanderveer House Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 2.7% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.