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 July 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 $22.1m and spending of $18.8m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.3m to $22.1m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Penn Mar Organization Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Advocates for Life Skills and Opportunity Inc ($22.0m), California Rangeland Trust ($22.1m) and Family Research Council Inc ($22.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $617k (3.3% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $18.7m against liabilities of $7.3m, net assets of $11.4m.