Penny-Wise Charities Southwest Inc

Analysis

Penny-Wise Charities Southwest Inc is a registered charity in United States, based in Sun City, AZ. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Penny-Wise Charities Southwest Inc reported income of $129k and spending of $141k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $129k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Penny-Wise Charities Southwest Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within AZ. Charities of a similar size with the same main cause include Cottage in Darien Inc ($129k), National Charity League Inc Orange Villa Park Chapter ($129k) and Andean Aid ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $43k against liabilities of $150k, net assets of -$106k.