Penultimate Development

Analysis

Penultimate Development is a registered charity in United States, based in Jefferson Cty, TN. It received its IRS tax-exemption ruling in October 2017, 9 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, Penultimate Development reported income of $121k and spending of $100k, spending 83% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $113k to $121k (+6.6%), an average of +3.2% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Penultimate Development sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Kana Samurai Foundation ($121k), James Place Child Care Program Inc ($121k) and Good Samaritan Aid Organization Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $106k against liabilities of $18k, net assets of $88k.