William Penn House

Analysis

William Penn House is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, William Penn House reported income of $574k and spending of $787k, spending 137% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $867k to $574k (-34%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 60%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, William Penn House sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Texas Law Review Association ($574k), Psychoanalytic Psychoterapy Study Center Inc the New York School ($574k) and Start the Adventure in Reading Inc ($574k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $30k (3.8% of expenses). Other salaries and wages came to $170k. At year end it held assets of $2.3m against liabilities of $2.0m, net assets of $317k.