Pennies For The Homeless
EIN: 300371748 · Albuquerque, NM
| Metric | Value |
|---|---|
| Total Expenses | $25K |
| Net Assets | $100K |
Is Pennies For The Homeless Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pennies For The Homeless
Pennies For The Homeless (EIN: 300371748) is a nonprofit organization based in Albuquerque, NM. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pennies For The Homeless's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pennies For The Homeless is a micro nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -6.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $25K |
| Surplus / Deficit | $-7,502 |
| Total Assets | $132K |
| Total Liabilities | $32K |
| Net Assets | $100K |
| Operating Margin | -41.8% |
| Debt-to-Asset Ratio | 24.3% |
| Months of Reserves | 62.4 months |
Financial Health Grade: B
In 2022, Pennies For The Homeless reported a deficit of $8K with expenses exceeding revenue, holds 62.4 months of operating reserves (strong position), has a debt-to-asset ratio of 24.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2022), Pennies For The Homeless's revenue has declined at a compound annual growth rate (CAGR) of -6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +50.6% | +47.4% | -6.9% |
| 2021 | -9.6% | -6.9% | -2.7% |
| 2020 | +52.4% | -44.4% | +23.3% |
| 2019 | -56.0% | +702.6% | -17.2% |
| 2018 | +0.8% | -23.1% | +12.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pennies For The Homeless 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 Pennies For The Homeless 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.3%.
Frequently Asked Questions about Pennies For The Homeless
Is Pennies For The Homeless a legitimate charity?
Pennies For The Homeless (EIN: 300371748) is a registered tax-exempt nonprofit based in New Mexico. It has 13 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Pennies For The Homeless spend its money?
Pennies For The Homeless reported its financials 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 Pennies For The Homeless tax-deductible?
Pennies For The Homeless is registered as a tax-exempt nonprofit (EIN: 300371748). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pennies For The Homeless located?
Pennies For The Homeless is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 300371748.
How many years of IRS 990 filings does Pennies For The Homeless have?
Pennies For The Homeless 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.
Filing History
IRS 990 filing history for Pennies For The Homeless showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2022), Pennies For The Homeless's revenue has declined by 52.9%, moving from $38K to $18K. Total assets increased by 500.6% over the same period, from $22K to $132K. Total functional expenses fell by 23.6%, from $33K to $25K. In its most recent filing year (2022), Pennies For The Homeless reported a deficit of $8K, with expenses exceeding revenue. The organization holds $32K in liabilities against $132K in assets (debt-to-asset ratio: 24.3%), resulting in net assets of $100K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $18K | $25K | $132K | $32K | — | View 990 |
| 2021 | $12K | $17K | $142K | $34K | — | — |
| 2020 | $13K | $19K | $146K | $33K | — | — |
| 2019 | $9K | $33K | $118K | $0 | — | View 990 |
| 2018 | $20K | $4K | $143K | $0 | — | View 990 |
| 2017 | $20K | $5K | $128K | $0 | — | View 990 |
| 2016 | $9K | $35K | $113K | $0 | — | View 990 |
| 2015 | $78K | $12K | $140K | $0 | — | View 990 |
| 2014 | $69K | $19K | $73K | $0 | — | View 990 |
| 2014 | $24K | $20K | $23K | $0 | — | View 990 |
| 2013 | $26K | $13K | $19K | $0 | — | View 990 |
| 2012 | $35K | $51K | $6K | $0 | — | View 990 |
| 2011 | $38K | $33K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $18K, expenses of $25K, and assets of $132K (revenue +50.6% year-over-year).
- 2021: Revenue of $12K, expenses of $17K, and assets of $142K (revenue -9.6% year-over-year).
- 2020: Revenue of $13K, expenses of $19K, and assets of $146K (revenue +52.4% year-over-year).
- 2019: Revenue of $9K, expenses of $33K, and assets of $118K (revenue -56.0% year-over-year).
- 2018: Revenue of $20K, expenses of $4K, and assets of $143K (revenue +0.8% year-over-year).
- 2017: Revenue of $20K, expenses of $5K, and assets of $128K (revenue +120.7% year-over-year).
- 2016: Revenue of $9K, expenses of $35K, and assets of $113K (revenue -88.7% year-over-year).
- 2015: Revenue of $78K, expenses of $12K, and assets of $140K (revenue +13.1% year-over-year).
- 2014: Revenue of $69K, expenses of $19K, and assets of $73K (revenue +190.3% year-over-year).
- 2014: Revenue of $24K, expenses of $20K, and assets of $23K (revenue -8.8% year-over-year).
- 2013: Revenue of $26K, expenses of $13K, and assets of $19K (revenue -26.3% year-over-year).
- 2012: Revenue of $35K, expenses of $51K, and assets of $6K (revenue -6.9% year-over-year).
- 2011: Revenue of $38K, expenses of $33K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pennies For The Homeless:
Data Sources and Methodology
This transparency report for Pennies For The Homeless 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.