Daughters of Penelope Foundation Inc

Analysis

Daughters of Penelope Foundation Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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 March 2023, Daughters of Penelope Foundation Inc reported income of $94k and spending of $35k, leaving 63% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $78k to $94k (+21%), an average of +6.6% a year. The sharpest change came in the year to March 2022, when income rose by 70%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Daughters of Penelope Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within AZ. Charities of a similar size with the same main cause include PTA Delaware Congress ($94k), American Prime Trust ($94k) and Sierra Foothills Audubon Society ($94k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 15% and program service revenue 3.5% of the total. At year end it held assets of $990k against liabilities of $0, net assets of $990k.