Pennies for Heaven Fund Inc

Analysis

Pennies for Heaven Fund Inc is a registered charity in United States, based in Blaine, WA. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Pennies for Heaven Fund Inc reported income of $255k and spending of $56k, leaving 78% of income unspent that year. Across the 6 years on record, from July 2019 to June 2024, income grew from $244k to $255k (+4.7%), an average of +0.9% a year. The sharpest change came in the year to June 2021, when income rose by 277569%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pennies for Heaven Fund Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include Louisiana Library & Book Festival Foundation ($255k), Rome City Schools Band Boosters Association ($255k) and Bentonville Athletic Booster Club Inc ($255k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.