Penn Yan Lions Foundation Inc

Analysis

Penn Yan Lions Foundation Inc is a registered charity in United States, based in Penn Yan, NY. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Penn Yan Lions Foundation Inc reported income of $61k and spending of $54k, spending 89% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $57k to $61k (+7.4%), an average of +7.4% a year. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Penn Yan Lions Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Sheriff Frank Reynolds Charities Inc ($61k), Blue Beards for Charity ($61k) and Gwendolyn and Joseph Straus Charitable Fund Inc ($61k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 28% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.