Pencil Foundation

Analysis

Pencil Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Pencil Foundation reported income of $12.6m and spending of $12.7m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.6m to $12.6m (+255%), an average of +37% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pencil Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Society of Hospital Medicine ($12.6m), Chestnut Hill School ($12.6m) and Giant Steps Illinois Inc ($12.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $358k (2.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $8.5m against liabilities of $5.5m, net assets of $3.0m. It reported 99 employees.