Penny Pitch

Analysis

Penny Pitch is a registered charity in United States, based in Lewisburg, WV. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Penny Pitch reported income of $51k and spending of $86k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $77k to $51k (-33%), an average of -9.7% a year. The sharpest change came in the year to December 2021, when income dropped by 40%. Over the whole period it spent 128% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Penny Pitch sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within WV. Charities of a similar size with the same main cause include Vowstokeep ($51k), Fall River Helping Hands Inc ($51k) and Ride and Shine Equine-Assisted Therapy Inc ($51k).

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 $49k against liabilities of $0, net assets of $49k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.