Penn Praxis Inc

Analysis

Penn Praxis Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Penn Praxis Inc reported income of $621k and spending of $1.6m, spending 257% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $995k to $621k (-38%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 51%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Penn Praxis Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Lakeville South Cougar Booster Club ($621k), Sleepy Hollow Parents Club Inc ($621k) and Mohave County Community College Foundation Inc ($621k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $242k against liabilities of -$191k, net assets of $434k.