Penn Masala - Non-Profit Corp

Analysis

Penn Masala - Non-Profit Corp 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 arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Penn Masala - Non-Profit Corp reported income of $110k and spending of $104k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $110k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Penn Masala - Non-Profit Corp sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include Manassas Symphony Orchestra Inc ($110k), Brain Arts Organization Inc ($110k) and Toms River North Marching Mariners Boosters Inc ($110k).

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 $40k against liabilities of $0, net assets of $40k.