Penland Foundation
Penland Foundation consistently grows assets with zero reported officer compensation and strong revenue surpluses.
EIN: 205692339 · Beaumont, TX · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $791K |
| Program Spending | 85% |
| Net Assets | $9.1M |
| Transparency Score | 92/100 |
Is Penland Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penland Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penland Foundation
Penland Foundation (EIN: 205692339) is a nonprofit organization based in Beaumont, TX, classified under NTEE code T20. The organization reported total revenue of $4.0M and total assets of $12.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penland Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penland Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $791K |
| Surplus / Deficit | +$1.2M |
| Total Assets | $9.1M |
| Total Liabilities | $3K |
| Net Assets | $9.1M |
| Operating Margin | 60.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 137.9 months |
Financial Health Grade: A
In 2023, Penland Foundation reported a surplus of $1.2M with revenue exceeding expenses, holds 137.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Penland Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.3% | -13.1% | +18.0% |
| 2022 | +15.4% | +30.3% | +20.8% |
| 2021 | +294.7% | +13.8% | +23.8% |
| 2020 | -34.0% | +15.5% | -2.4% |
| 2019 | -61.7% | -23.5% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Penland Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Penland Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Penland Foundation consistently reports 0% officer compensation across all available filings, indicating either a volunteer-led executive team or that executive salaries are covered by an external entity, which is highly efficient for the organization's direct financial outlays.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Penland Foundation's IRS 990 filings:
- Specific program spending details are not provided in the summary, making it difficult to fully assess direct mission impact without further investigation of the full 990 forms.
Strengths
The following positive indicators were identified for Penland Foundation:
- Consistent and significant asset growth, from $2.4M in 2011 to $12.6M currently.
- Zero reported officer compensation across all available filings, indicating high operational efficiency.
- Strong financial surpluses, with revenues consistently exceeding expenses (e.g., $1,992,139 revenue vs. $791,142 expenses in 2023).
- Minimal to no reported liabilities in most filing periods, indicating strong financial stability.
- Long history of IRS 990 filings (10 filings), suggesting consistent compliance and transparency.
Frequently Asked Questions about Penland Foundation
Is Penland Foundation a legitimate charity?
Penland Foundation (EIN: 205692339) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.0M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Penland Foundation spend its money?
Penland Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Penland Foundation tax-deductible?
Penland Foundation is registered as a tax-exempt nonprofit (EIN: 205692339). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Penland Foundation's spending goes to programs?
Penland Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Penland Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Penland Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Penland Foundation located?
Penland Foundation is headquartered in Beaumont, Texas and files with the IRS under EIN 205692339. It is classified under NTEE code T20.
How many years of IRS 990 filings does Penland Foundation have?
Penland Foundation has 10 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 $4.0M in total revenue.
Is Penland Foundation a good charity?
Based on the provided financial data, Penland Foundation appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and highly efficient operations with zero reported officer compensation.
How has Penland Foundation's financial health changed over time?
Penland Foundation's financial health has significantly improved over time, with assets growing from $2,469,744 in 2011 to $12,684,382 currently, and consistent revenue surpluses in most years.
What is the trend in Penland Foundation's revenue and expenses?
Revenue has fluctuated but generally trended upwards, with the latest reported revenue at $1,992,139 in 2023. Expenses have remained consistently lower than revenue, indicating strong financial management and surpluses.
Filing History
IRS 990 filing history for Penland Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Penland Foundation's revenue has grown by 844.5%, moving from $211K to $2.0M. Total assets increased by 268% over the same period, from $2.5M to $9.1M. Total functional expenses rose by 155.5%, from $310K to $791K. In its most recent filing year (2023), Penland Foundation reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $3K in liabilities against $9.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $791K | $9.1M | $3K | — | View 990 |
| 2022 | $2.2M | $910K | $7.7M | $15K | — | View 990 |
| 2021 | $1.9M | $699K | $6.4M | $1 | — | View 990 |
| 2020 | $488K | $614K | $5.2M | $1 | — | — |
| 2019 | $739K | $532K | $5.3M | $0 | — | View 990 |
| 2015 | $1.9M | $695K | $5.3M | $0 | — | View 990 |
| 2014 | $1.7M | $264K | $4.1M | $0 | — | View 990 |
| 2013 | $426K | $312K | $2.6M | $0 | — | View 990 |
| 2012 | $277K | $227K | $2.5M | $0 | — | View 990 |
| 2011 | $211K | $310K | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $791K, and assets of $9.1M (revenue -10.3% year-over-year).
- 2022: Revenue of $2.2M, expenses of $910K, and assets of $7.7M (revenue +15.4% year-over-year).
- 2021: Revenue of $1.9M, expenses of $699K, and assets of $6.4M (revenue +294.7% year-over-year).
- 2020: Revenue of $488K, expenses of $614K, and assets of $5.2M (revenue -34.0% year-over-year).
- 2019: Revenue of $739K, expenses of $532K, and assets of $5.3M (revenue -61.7% year-over-year).
- 2015: Revenue of $1.9M, expenses of $695K, and assets of $5.3M (revenue +13.7% year-over-year).
- 2014: Revenue of $1.7M, expenses of $264K, and assets of $4.1M (revenue +298.4% year-over-year).
- 2013: Revenue of $426K, expenses of $312K, and assets of $2.6M (revenue +54.1% year-over-year).
- 2012: Revenue of $277K, expenses of $227K, and assets of $2.5M (revenue +31.2% year-over-year).
- 2011: Revenue of $211K, expenses of $310K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penland Foundation:
Data Sources and Methodology
This transparency report for Penland Foundation 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.