Penn-mar Foundation
Only null% goes to programs Strong reserves
Penn-mar Foundation is a 501(c)(3) organization based in Freeland, Maryland, registered in 1997, with $3,225,870 in FY2024 revenue. CharityIndex grades it B.
310 Old Freeland Rd, Freeland, MD, 21053 EIN 23-2854773 Since 1997
Revenue (FY2024)
$3.2M
▲ 60.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$915K
Net assets
$20.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Penn-mar Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating263 mo reserves · +72% 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 Penn-mar Foundation: 263 mo reserves · +72% margin earns a B+ 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 Penn-mar Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Penn-mar Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 310 Old Freeland Rd, Freeland, MD, 21053
- City
- Freeland
- State
- Maryland
- Subcategory
- Public Foundations
- Website
- …
Financial trends
Revenue grew from $839K (FY2013) to $3.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $92KNet assets $20.1M
Operating margin
71.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$20.2M
Total liabilities
$92K
Net assets
$20.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,225,870▲60.5% | $915,114▲59.9% | $20,088,711▲14.5% | $20,181,066▲14.6% | 990 |
| 2023 | $2,009,625▲4.0% | $572,178▼14.3% | $17,538,302▲17.3% | $17,607,405▲17.0% | 990 |
| 2022 | $1,931,835▼48.4% | $667,476▲3.5% | $14,952,958▲15.0% | $15,051,604▲14.2% | 990 |
| 2021 | $3,745,291▲11.0% | $645,016▼1.4% | $13,001,085▲5.9% | $13,176,710▲6.6% | 990 |
| 2020 | $3,372,642▲91.0% | $653,860▼12.5% | $12,278,961▲48.4% | $12,363,560▲47.6% | 990 |
| 2019 | $1,765,760▲39.7% | $747,529▲65.7% | $8,272,892▲7.0% | $8,377,476▲7.2% | 990 |
| 2018 | $1,263,820▲15.7% | $451,126▲81.1% | $7,733,615▲6.7% | $7,812,676▲6.9% | 990 |
| 2017 | $1,092,162▼54.4% | $249,118▼3.2% | $7,245,153▲12.9% | $7,309,551▲13.2% | 990 |
| 2016 | $2,394,472▲204% | $257,231▼51.6% | $6,415,760▲57.8% | $6,455,809▲58.8% | 990 |
| 2015 | $787,317▲11.0% | $531,022▲25.3% | $4,065,155▲4.7% | $4,065,655▲3.2% | 990 |
| 2014 | $709,549▼15.5% | $423,748▲23.6% | $3,883,717▲3.9% | $3,938,794▲3.2% | 990 |
| 2013 | $839,329 | $342,760▲18.4% | $3,739,189▲29.3% | $3,815,166▲30.6% | 990 |
| 2012 | — | $289,411▲2111% | $2,891,960▲105% | $2,922,265▲105% | 990 |
| 2011 | — | $13,089▲16.8% | $1,410,937▲1.9% | $1,423,667▲2.9% | 990 |
| 2010 | — | $11,206 | $1,384,085 | $1,384,085 | 990 |
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.
Grants received · $35K total
3 grants to Penn-mar Foundation totaling $35K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $7,500 |
| National Philanthropic Tr | Public, societal benefit | 2022 | $17,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $10,100 |
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Frequently asked questions
- Is Penn-mar Foundation a legitimate nonprofit?
- Yes. Penn-mar Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-2854773, based in Freeland, Maryland. Donations are tax-deductible.
- What is Penn-mar Foundation's EIN?
- Penn-mar Foundation's Employer Identification Number (EIN) is 23-2854773.
- How much revenue does Penn-mar Foundation report?
- Penn-mar Foundation reported $3,225,870 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Penn-mar Foundation have?
- CharityIndex grades Penn-mar Foundation B, based on financial health (reserves and operating margin).
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Data for Penn-mar Foundation (EIN 23-2854773) 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.