Pet Florida-Penney Farms Inc

Analysis

Pet Florida-Penney Farms Inc is a registered charity in United States, based in Penney Farms, FL. It received its IRS tax-exemption ruling in July 2005, 21 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, Pet Florida-Penney Farms Inc reported income of $215k and spending of $279k, spending 130% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $185k to $215k (+16%), an average of +5.2% a year. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pet Florida-Penney Farms Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include People for People Foundation of Gloucester County Inc ($215k), Professional Student Government ($215k) and Answers Resource Facility ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $366k against liabilities of $38k, net assets of $328k.