Pennacle Foundation Inc

Analysis

Pennacle Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Pennacle Foundation Inc reported income of $503k and spending of $626k, spending 124% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.0m to $503k (-51%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pennacle Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Colorado Association for Recovery Residences Inc ($503k), Nami Broward County Inc ($503k) and Oregon Soccer Association Inc ($503k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $126k (20% of expenses). Other salaries and wages came to $249k. At year end it held assets of $40k against liabilities of $943k, net assets of -$903k. It reported 20 employees.

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.