Pendlove

Analysis

Pendlove is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Pendlove reported income of $100k and spending of $84k, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $31k to $100k (+222%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 189%. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pendlove sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within TN. Charities of a similar size with the same main cause include Fancy Farm Elderly Housing Corporation II ($100k), Gulf Coast Egret Housing Inc ($100k) and Willows at Melvin Place ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. Compensation of current officers, directors and key employees was $25k (30% of expenses). Other salaries and wages came to $6,000. At year end it held assets of $863k against liabilities of $421k, net assets of $442k. It reported 4 employees.