Penuel Ridge Retreat Center

Analysis

Penuel Ridge Retreat Center is a registered charity in United States, based in Ashland City, TN. It received its IRS tax-exemption ruling in November 1984, 42 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 December 2023, Penuel Ridge Retreat Center reported income of $96k and spending of $118k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $47k to $96k (+104%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Penuel Ridge Retreat Center sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within TN. Charities of a similar size with the same main cause include Caribbean American National Development Organization Inc ($96k), 40 Winks Foundation ($96k) and Bloc Life Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $36k (31% of expenses). It paid $4,950 in professional fundraising fees. At year end it held assets of $340k against liabilities of $26k, net assets of $313k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.