Public Charity

PENNGIFT FOUNDATION INC

PENNGIFT FOUNDATION INC is a nonprofit organization categorized as Public Charity based in ELVERSON, PA. Its most recent IRS filing (2024) reports revenue of $3.8M, expenses of $3.0M, total assets of $4.3M.

EIN: 233088386 ELVERSON, PA Scholarships & Student Financial Aid NTEE: B82 Latest filing: 2024
Total Revenue$3.8M
Total Expenses$3.0M
Total Assets$4.3M
Grant Records0
Filing Years2019–2024

Mission

TO PROVIDE SCHOLARSHIP ASSISTANCE TO FAMILIES WITH CHILDREN ATTENDING PRIVATE SCHOOLS.

Where $100 goes at Penngift Foundation Inc

How Penngift Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$87 Programs the work itself
$13 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $87 for programs

$71
To provide scholarship assistance to families with children attending private schools
82% of program spending · Reported in the filing: 650 scholarships
$16
The opportunity scholarship program provides scholarship assistance to families with children attending schools within the boundary of a low-achieving school
18% of program spending · Reported in the filing: 200 scholarships
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Gerald W Thacker
DIRECTOR, MANAGING DIRECTOR James A Cox Jr
TREASURER, DEVELOPMENT DIRECTOR Jerald M Birmelin
SECRETARY Kelly Kidd
DIRECTOR Mark M Gillen
PRESIDENT Samuel E Rohrer

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $3.8M $3.0M $4.3M
2023 $3.2M $1.9M $3.6M
2022 $2.0M $1.3M $2.4M
2020 $865K $865K $1.3M
2019 $889K $973K $1.3M

Between 2019 and 2024, reported annual revenue grew from $889K to $3.8M (+326%), with total assets most recently reported at $4.3M.

Interactive year-over-year charts and full filing details available with membership.

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