Pencil 4 Kids Inc

Analysis

Pencil 4 Kids Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 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 (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 4 Kids Inc reported income of $63k and spending of $61k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $63k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pencil 4 Kids Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include St Vincent de Paul Society St Ann Conference ($63k), Hands to Hearts Inc ($63k) and Reverse the Door Inc ($63k).

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 $17k against liabilities of $0, net assets of $17k.