Penny-Wise Charities Southwest Inc is located in Sun City, AZ. The organization was established in 2015. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penny-Wise Charities Southwest Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Penny-Wise Charities Southwest Inc generated $110.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $146.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING ITEMS FOR MINIMAL PURCHASE BY THE LESS FORTUNATE OF SOCIETY.
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $110,731 |
| Membership dues | $0 |
| Investment income | $37 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $110,768 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $67,587 |
| Professional fees and other payments to independent contractors | $3,190 |
| Occupancy, rent, utilities, and maintenance | $43,044 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,964 |
| Total expenses | $146,785 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,238 |
| Other assets | $0 |
| Total assets | $62,901 |
| Total liabilities | $159,814 |
| Net assets or fund balances | -$96,913 |