Peninsula Volunteers Inc

Analysis

Peninsula Volunteers Inc is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in April 1949, 77 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Peninsula Volunteers Inc reported income of $6.0m and spending of $6.9m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $6.0m (+4.5%), an average of +1.1% a year. The sharpest change came in the year to June 2021, when income dropped by 32%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peninsula Volunteers Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Cooperative Ministry ($6.0m), Ossining Childrens Center Inc ($6.0m) and Independent Lifestyles Inc - a Center for Independent Living ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $593k (8.6% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $15.0m against liabilities of $609k, net assets of $14.4m. It reported 79 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.