Pennies From Heaven Pittsburgh

Analysis

Pennies From Heaven Pittsburgh is a registered charity in United States, based in Wexford, PA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Pennies From Heaven Pittsburgh reported income of $360k and spending of $106k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $360k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 34% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pennies From Heaven Pittsburgh sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Life Network of Southern Illinois ($360k), Rice Lake Community Health Foundation Inc ($360k) and Medical Image Computing and Computer Assisted Intervention Soc ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.