Irene W and C B Pennington Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Irene W and C B Pennington Foundation is a 501(c)(3) organization based in Baton Rouge, Louisiana, registered in 1982, with -$129,907 in FY2024 revenue. CharityIndex grades it F.
10343 Siegen Ln Ste 1b, Baton Rouge, LA, 70810 EIN 72-0938097 Since 1982
Revenue (FY2024)
-$130K
▼ 102.2% vs prior year
Expenses (FY2024)
$259K
Net assets
$21.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Irene W and C B Pennington Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating1012 mo reserves · -299% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Irene W and C B Pennington Foundation: 1012 mo reserves · -299% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Irene W and C B Pennington Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Irene W and C B Pennington Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 10343 Siegen Ln Ste 1b, Baton Rouge, LA, 70810
- City
- Baton Rouge
- State
- Louisiana
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $6.0M (FY2020) to -$130K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1,147Net assets $21.8M
Operating margin
-299.0%
Spent more than it raised in the latest fiscal year.
Total assets
$21.8M
Total liabilities
$1,147
Net assets
$21.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$129,907▼102% | $258,559▼96.7% | $21,800,931▼8.9% | $21,802,078▼8.9% | 990PF |
| 2023 | $5,904,652▲17.1% | $7,847,175▼8.9% | $23,932,437▼81.3% | $23,932,437▼81.3% | 990PF |
| 2022 | $5,040,628▼27.8% | $8,611,262▲9.9% | $127,791,467▼2.7% | $127,803,180▼2.7% | 990PF |
| 2021 | $6,984,192▲15.6% | $7,838,253▼13.4% | $131,319,744▲1.5% | $131,330,870▲1.4% | 990PF |
| 2020 | $6,041,681 | $9,055,496 | $129,427,581 | $129,494,659 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Irene W and C B Pennington Foundation a legitimate nonprofit?
- Yes. Irene W and C B Pennington Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 72-0938097, based in Baton Rouge, Louisiana. Donations are tax-deductible.
- What is Irene W and C B Pennington Foundation's EIN?
- Irene W and C B Pennington Foundation's Employer Identification Number (EIN) is 72-0938097.
- How much revenue does Irene W and C B Pennington Foundation report?
- Irene W and C B Pennington Foundation reported -$129,907 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Irene W and C B Pennington Foundation have?
- CharityIndex grades Irene W and C B Pennington Foundation F, based on financial health (reserves and operating margin).
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Data for Irene W and C B Pennington Foundation (EIN 72-0938097) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.