Penny & Wild Smalls of South Florida

Analysis

Penny & Wild Smalls of South Florida is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2021, 5 years ago. 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, Penny & Wild Smalls of South Florida reported income of $58k and spending of $60k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $108k to $58k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Penny & Wild Smalls of South Florida sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Arkansas Veterinary Medical Foundation ($58k), Portage County Literacy Council Inc ($58k) and Christmas House Inc ($58k).

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 $3,036 against liabilities of $0, net assets of $3,036.