Pennpac Inc

Analysis

Pennpac Inc is a registered charity in United States, based in Mamaroneck, NY. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Pennpac Inc reported income of $145k and spending of $187k, spending 129% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $330k to $145k (-56%), an average of -34% a year. The sharpest change came in the year to June 2023, when income dropped by 67%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pennpac Inc 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 46th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include All Nations ($145k), Souderton-Telford Community Development Corporation ($146k) and Emerge Innovation Hub ($145k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $306k against liabilities of $5,875, net assets of $300k.