Pen America Los Angeles

Analysis

Pen America Los Angeles is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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 December 2023, Pen America Los Angeles reported income of $72k and spending of $65k, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $112k to $72k (-36%), an average of -8.5% a year. The sharpest change came in the year to December 2021, when income rose by 233%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pen America Los Angeles sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include New Jersey Association of Realtors-Education Foundation ($72k), Des Plaines Chamber of Commerce & Industry Foundation ($72k) and Luling Senior Citizens Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $319k against liabilities of $57k, net assets of $262k.