Penelope House Inc

Analysis

Penelope House Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in January 1981, 45 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, Penelope House Inc reported income of $2.9m and spending of $3.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $2.9m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Penelope House Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include Womens Protective Services of Lubbock Inc ($2.9m), Infant Welfare Society of Evanston Inc ($2.9m) and Childrens Day Nursery and Family Center ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $157k (5.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.7m against liabilities of $375k, net assets of $5.4m. It reported 71 employees.