Penn Mar Organization Inc

Analysis

Penn Mar Organization Inc is a registered charity in United States, based in Freeland, MD. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Penn Mar Organization Inc reported income of $31.5m and spending of $24.7m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.6m to $31.5m (+90%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Penn Mar Organization Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Creighton University Arizona Health Education Alliance ($31.5m), Indianapolis Jewish Home Inc Hooverwood ($31.5m) and Diley Ridge Medical Center ($31.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $544k (2.2% of expenses). Other salaries and wages came to $13.5m. At year end it held assets of $25.9m against liabilities of $5.4m, net assets of $20.5m. It reported 711 employees.