Pennrose Foundation

Analysis

Pennrose Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 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 (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, Pennrose Foundation reported income of $192k and spending of $124k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $192k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pennrose Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Funding Love Corp ($192k), US Chaplains Services Inc ($192k) and Bee Mighty ($192k).

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 $337k against liabilities of $69, net assets of $337k.