Penick Village Inc

Analysis

Penick Village Inc is a registered charity in United States, based in Southern Pnes, NC. It received its IRS tax-exemption ruling in July 1964, 62 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Penick Village Inc reported income of $21.9m and spending of $20.6m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $18.5m to $21.9m (+19%), an average of +4.4% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Penick Village 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 98th percentile within NC. Charities of a similar size with the same main cause include Social Advocates for Youth San Diego Inc ($21.9m), Inreach ($21.9m) and Michael-Ann Russell Jewish Community Center Inc ($21.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.9% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $493k (2.4% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $73.2m against liabilities of $62.5m, net assets of $10.7m. It reported 355 employees.