Pentagon Federal Credit Union FDN Penfed Foundation

Analysis

Pentagon Federal Credit Union FDN Penfed Foundation is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Pentagon Federal Credit Union FDN Penfed Foundation reported income of $3.3m and spending of $2.6m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.3m (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pentagon Federal Credit Union FDN Penfed Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Hands in 4 Youth Inc ($3.3m), Monroe Community Sports Centre Corporation ($3.3m) and Destination Science Education for Every Child ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 116% of the total. At year end it held assets of $14.2m against liabilities of $736k, net assets of $13.5m.