Starting with a Penney

Analysis

Starting with a Penney is a registered charity in United States, based in Guinda, CA. It received its IRS tax-exemption ruling in October 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 2022, Starting with a Penney reported income of $169k and spending of $108k, leaving 36% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $148k to $169k (+14%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Starting with a Penney sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Childrens Music Fund ($169k), Black Child Development Institute Ohio ($169k) and Haven Universe Inc ($169k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $43k (40% of expenses). At year end it held assets of $102k against liabilities of $0, net assets of $102k. It reported 3 employees.