Pennoni Family Foundation
Pennoni Family Foundation consistently reports zero officer compensation while managing fluctuating revenues and expenses.
EIN: 202631757 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $56K |
| Program Spending | 90% |
| Net Assets | $701K |
| Transparency Score | 85/100 |
Is Pennoni Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pennoni Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pennoni Family Foundation
Pennoni Family Foundation (EIN: 202631757) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $1.3M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pennoni Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pennoni Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $56K |
| Surplus / Deficit | $-6,443 |
| Total Assets | $701K |
| Total Liabilities | $1 |
| Net Assets | $701K |
| Operating Margin | -12.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 148.9 months |
Financial Health Grade: B
In 2023, Pennoni Family Foundation reported a deficit of $6K with expenses exceeding revenue, holds 148.9 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), Pennoni Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.0% | -47.9% | -0.9% |
| 2022 | -8.7% | -39.7% | -5.3% |
| 2021 | +13.8% | +173.1% | -12.3% |
| 2020 | +95.6% | +14.5% | +0.0% |
| 2019 | -90.4% | -45.0% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Pennoni Family Foundation with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Pennoni Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Pennoni Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either uncompensated or compensated through non-officer channels, which is highly efficient for an organization of its size.
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 Pennoni Family Foundation's IRS 990 filings:
- Expenses frequently exceed revenue in recent years, potentially drawing down assets (e.g., 2023: $56,482 expenses vs. $50,039 revenue; 2021: $179,620 expenses vs. $75,114 revenue).
Strengths
The following positive indicators were identified for Pennoni Family Foundation:
- Consistently reports 0% officer compensation, indicating high efficiency and dedication of resources to mission.
- Maintains minimal liabilities ($1 across all filings), suggesting strong financial management and low debt burden.
- Consistent filing of IRS Form 990s over a decade demonstrates transparency and compliance.
Frequently Asked Questions about Pennoni Family Foundation
Is Pennoni Family Foundation a legitimate charity?
Pennoni Family Foundation (EIN: 202631757) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Pennoni Family Foundation spend its money?
Pennoni Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Pennoni Family Foundation tax-deductible?
Pennoni Family Foundation is registered as a tax-exempt nonprofit (EIN: 202631757). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Pennoni Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Pennoni Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pennoni Family Foundation located?
Pennoni Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 202631757. It is classified under NTEE code T22.
How many years of IRS 990 filings does Pennoni Family Foundation have?
Pennoni Family 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 $1.3M in total revenue.
Is the Pennoni Family Foundation financially stable?
While the foundation has experienced periods where expenses exceeded revenue (e.g., 2023, 2022, 2021), its consistent asset base (around $700k-$800k in recent years) and minimal liabilities ($1) suggest a degree of financial stability, likely supported by its endowment or investment income.
How does the foundation manage its expenses relative to its income?
The foundation's expenses have frequently surpassed its reported revenue in recent years, such as $56,482 in expenses against $50,039 in revenue in 2023. This indicates it may be drawing from its assets or prior year surpluses to cover its operational and grantmaking costs.
What is the impact of zero officer compensation on the foundation's operations?
The consistent reporting of 0% officer compensation is a significant strength, suggesting that a very high percentage of funds can be directed towards its programmatic mission rather than executive salaries, enhancing its efficiency and donor appeal.
Filing History
IRS 990 filing history for Pennoni Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Pennoni Family Foundation's revenue has declined by 9.9%, moving from $56K to $50K. Total assets decreased by 16.5% over the same period, from $840K to $701K. Total functional expenses fell by 58%, from $135K to $56K. In its most recent filing year (2023), Pennoni Family Foundation reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $701K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $701K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $56K | $701K | $1 | — | View 990 |
| 2022 | $69K | $108K | $707K | $1 | — | View 990 |
| 2021 | $75K | $180K | $747K | $1 | — | View 990 |
| 2020 | $66K | $66K | $851K | $1 | — | — |
| 2019 | $34K | $57K | $851K | $1 | — | View 990 |
| 2015 | $350K | $104K | $863K | $1 | — | View 990 |
| 2014 | $46K | $116K | $617K | $1 | — | View 990 |
| 2013 | $58K | $116K | $687K | $1 | — | View 990 |
| 2012 | $60K | $155K | $745K | $1 | — | View 990 |
| 2011 | $56K | $135K | $840K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $56K, and assets of $701K (revenue -27.0% year-over-year).
- 2022: Revenue of $69K, expenses of $108K, and assets of $707K (revenue -8.7% year-over-year).
- 2021: Revenue of $75K, expenses of $180K, and assets of $747K (revenue +13.8% year-over-year).
- 2020: Revenue of $66K, expenses of $66K, and assets of $851K (revenue +95.6% year-over-year).
- 2019: Revenue of $34K, expenses of $57K, and assets of $851K (revenue -90.4% year-over-year).
- 2015: Revenue of $350K, expenses of $104K, and assets of $863K (revenue +664.3% year-over-year).
- 2014: Revenue of $46K, expenses of $116K, and assets of $617K (revenue -20.7% year-over-year).
- 2013: Revenue of $58K, expenses of $116K, and assets of $687K (revenue -4.2% year-over-year).
- 2012: Revenue of $60K, expenses of $155K, and assets of $745K (revenue +8.5% year-over-year).
- 2011: Revenue of $56K, expenses of $135K, and assets of $840K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pennoni Family Foundation:
Data Sources and Methodology
This transparency report for Pennoni Family 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.