Penta Cares Foundation

Analysis

Penta Cares Foundation is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in December 2019, 7 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, Penta Cares Foundation reported income of $2.2m and spending of $1.6m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $627k to $2.2m (+254%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Penta Cares Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NV. Charities of a similar size with the same main cause include Beaver County Foundation ($2.2m), United Way of Blount County ($2.2m) and Greenwood Genetic Center Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $694k against liabilities of $39k, net assets of $655k.