Pen Faulkner

Analysis

Pen Faulkner is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1988, 38 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 June 2023, Pen Faulkner reported income of $662k and spending of $760k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $719k to $662k (-7.9%), an average of -2.7% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pen Faulkner sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 48th percentile within DC. Charities of a similar size with the same main cause include Estate of Frank S Carroll ($662k), Fairfield United Soccer Association Inc ($662k) and Prosperity Works ($662k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $368k. At year end it held assets of $642k against liabilities of $71k, net assets of $570k. It reported 12 employees.