Friends of Penfield Childrens Center Inc

Analysis

Friends of Penfield Childrens Center Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 1981, 45 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Penfield Childrens Center Inc reported income of $3.5m and spending of $2.5m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.5m (+50%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 166%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Penfield Childrens Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include FGS Inc ($3.5m), Make a Wish Foundation of Oklahoma Inc ($3.5m) and Glass City Academy ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $145k (5.7% of expenses). Other salaries and wages came to $353k. At year end it held assets of $7.4m against liabilities of $0, net assets of $7.4m.