Penn Center Inc

Analysis

Penn Center Inc is a registered charity in United States, based in St Helena Is, SC. It received its IRS tax-exemption ruling in February 1942, 84 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 December 2023, Penn Center Inc reported income of $2.2m and spending of $2.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.2m (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 321%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Penn Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include The Reach Institute Resource for Advancing Childrens Health ($2.2m), Habitat for Humanity International ($2.2m) and Jobs Plus Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $76k (3.5% of expenses). Other salaries and wages came to $535k. At year end it held assets of $7.0m against liabilities of $2.0m, net assets of $5.0m. It reported 54 employees.