Punxsutawney Area Community Foundation Inc

Analysis

Punxsutawney Area Community Foundation Inc is a registered charity in United States, based in Punxsutawney, PA. It received its IRS tax-exemption ruling in May 2021, 5 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, Punxsutawney Area Community Foundation Inc reported income of $129k and spending of $116k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $129k (+81%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Punxsutawney Area Community Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within PA. Charities of a similar size with the same main cause include Recovery Agents Benefit Fund Inc ($129k), Childrens Charities of the Midlands ($129k) and St Andrews By-The-Sea Foundation ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.