Penrose Area Civic Association Inc

PHILADELPHIA, PA EIN: 30-0586902

Community Improvement & Capacity Building

Penrose Area Civic Association Inc is a private foundation focused on Community Improvement & Capacity Building, based in PHILADELPHIA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $53K in total assets. In 2024, it awarded 2 grants totaling $7K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$53K

+5.2% YoY

Annual Giving

$7K

+8.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$3K

+8.3% YoY

Under IRS private-foundation payout rules, Penrose Area Civic Association Inc reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.

About Penrose Area Civic Association Inc

Based on IRS filings

Focus Areas

Community Improvement & Capacity Building

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $54K (100%)

States

Pennsylvania

Cities

Philadelphia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$53,389	$50,730	$65,302
Revenue	$19,500	$9,000	—
Expenses	$16,841	$23,572	$13,039
Qualifying Distributions	$16,841	$23,572	$13,039
Net Investment Income	—	—	—
Distributable Amount	$2,564	$2,857	$3,727

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

16 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include 12th Police District Advy Council ($3,500), Eastwick United Methodist Church ($3,000).

Recipient	Purpose	Amount
12th Police District Advy Council Philadelphia, PA	community improvement	$3,500
Eastwick United Methodist Church Philadelphia, PA	community improvement	$3,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Edward Thornton	President	3	—
Robert Stewart	Treasurer	3	—
Ronald Patterson	Secretary	3	—

Subject Areas

Focus areas based on grantmaking activity

Community Improvement & Capacity Building

Frequently Asked Questions

What is Penrose Area Civic Association Inc?

Penrose Area Civic Association Inc is a private foundation focused on Community Improvement & Capacity Building, based in PHILADELPHIA, PA. It holds $53K in total assets as of 2024.

How large is Penrose Area Civic Association Inc?

As of 2024, Penrose Area Civic Association Inc holds $53K in total assets with $20K in annual revenue. It awarded 2 grants totaling $7K in 2024.

Where does Penrose Area Civic Association Inc operate?

Penrose Area Civic Association Inc has awarded grants in Pennsylvania.

What size grants does Penrose Area Civic Association Inc award?

In 2024, Penrose Area Civic Association Inc awarded 2 grants totaling $7K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Penrose Area Civic Association Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Penrose Area Civic Association Inc reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Penrose Area Civic Association Inc's EIN?

Penrose Area Civic Association Inc's EIN (Employer Identification Number) is 30-0586902. IRS Form 990 filing data is available on this page for 2020–2024.