Pen Faulkner
EIN: 521431622 · Washington, DC
| Metric | Value |
|---|---|
| Total Revenue | $684K |
| Total Expenses | $760K |
| Net Assets | $570K |
Is Pen Faulkner Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pen Faulkner
Pen Faulkner (EIN: 521431622) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $684K and total assets of $834K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pen Faulkner's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pen Faulkner is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $662K |
| Total Expenses | $760K |
| Surplus / Deficit | $-98,037 |
| Total Assets | $642K |
| Total Liabilities | $71K |
| Net Assets | $570K |
| Operating Margin | -14.8% |
| Debt-to-Asset Ratio | 11.1% |
| Months of Reserves | 10.1 months |
Financial Health Grade: B
In 2023, Pen Faulkner reported a deficit of $98K with expenses exceeding revenue, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 11.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pen Faulkner's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.7% | +16.3% | -13.9% |
| 2022 | +38.0% | +7.4% | +48.3% |
| 2021 | -5.0% | -9.5% | +30.8% |
| 2020 | -0.6% | -4.7% | +33.5% |
| 2019 | +12.2% | +19.6% | -15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pen Faulkner has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pen Faulkner with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $98K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.1%.
Frequently Asked Questions about Pen Faulkner
Is Pen Faulkner a legitimate charity?
Pen Faulkner (EIN: 521431622) is a registered tax-exempt nonprofit based in Washington DC. It has 13 years of IRS 990 filings on record. Total revenue: $684K. No red flags identified. Financial health grade: B.
How does Pen Faulkner spend its money?
Pen Faulkner reported $684K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pen Faulkner tax-deductible?
Pen Faulkner is registered as a tax-exempt nonprofit (EIN: 521431622). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pen Faulkner located?
Pen Faulkner is headquartered in Washington, Washington DC and files with the IRS under EIN 521431622.
How many years of IRS 990 filings does Pen Faulkner have?
Pen Faulkner has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $684K in total revenue.
Filing History
IRS 990 filing history for Pen Faulkner showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pen Faulkner's revenue has grown by 16.3%, moving from $570K to $662K. Total assets increased by 49.9% over the same period, from $428K to $642K. Total functional expenses rose by 30.4%, from $583K to $760K. In its most recent filing year (2023), Pen Faulkner reported a deficit of $98K, with expenses exceeding revenue. The organization holds $71K in liabilities against $642K in assets (debt-to-asset ratio: 11.1%), resulting in net assets of $570K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $662K | $760K | $642K | $71K | — | — |
| 2022 | $942K | $653K | $745K | $94K | — | View 990 |
| 2021 | $682K | $609K | $503K | $91K | — | View 990 |
| 2020 | $719K | $672K | $384K | $82K | — | View 990 |
| 2019 | $723K | $705K | $288K | $35K | — | View 990 |
| 2018 | $644K | $590K | $342K | $93K | — | View 990 |
| 2017 | $707K | $680K | $406K | $185K | — | View 990 |
| 2016 | $563K | $626K | $323K | $167K | — | View 990 |
| 2015 | $736K | $674K | $408K | $215K | — | View 990 |
| 2014 | $600K | $655K | $292K | $201K | — | View 990 |
| 2013 | $456K | $565K | $254K | $139K | — | View 990 |
| 2012 | $524K | $572K | $295K | $72K | — | View 990 |
| 2011 | $570K | $583K | $428K | $125K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $662K, expenses of $760K, and assets of $642K (revenue -29.7% year-over-year).
- 2022: Revenue of $942K, expenses of $653K, and assets of $745K (revenue +38.0% year-over-year).
- 2021: Revenue of $682K, expenses of $609K, and assets of $503K (revenue -5.0% year-over-year).
- 2020: Revenue of $719K, expenses of $672K, and assets of $384K (revenue -0.6% year-over-year).
- 2019: Revenue of $723K, expenses of $705K, and assets of $288K (revenue +12.2% year-over-year).
- 2018: Revenue of $644K, expenses of $590K, and assets of $342K (revenue -8.8% year-over-year).
- 2017: Revenue of $707K, expenses of $680K, and assets of $406K (revenue +25.5% year-over-year).
- 2016: Revenue of $563K, expenses of $626K, and assets of $323K (revenue -23.6% year-over-year).
- 2015: Revenue of $736K, expenses of $674K, and assets of $408K (revenue +22.8% year-over-year).
- 2014: Revenue of $600K, expenses of $655K, and assets of $292K (revenue +31.6% year-over-year).
- 2013: Revenue of $456K, expenses of $565K, and assets of $254K (revenue -13.1% year-over-year).
- 2012: Revenue of $524K, expenses of $572K, and assets of $295K (revenue -8.0% year-over-year).
- 2011: Revenue of $570K, expenses of $583K, and assets of $428K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pen Faulkner:
Data Sources and Methodology
This transparency report for Pen Faulkner is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.