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Penske Foundation Inc

Bloomfld Hls, MI. EIN 27-4648290. Reported $101,468,070 of revenue for 2023 on its Form 990-PF.

The IRS record

Registered name
PENSKE FOUNDATION INC
As the IRS records it, which is how it appears in their own search.
Employer Identification Number
27-4648290
The identifier the IRS uses for this organization.
Recognized under
501(c)(3) — charitable, religious, educational, scientific
The subsection of the code its exemption was granted under.
Recognized in
2012
The year of the IRS ruling.
Classification
Philanthropy, Voluntarism and Grantmaking Foundations
NTEE code T21, assigned at registration.
Gifts to it
Contributions are deductible
Whether the IRS treats a contribution to this organization as deductible.
Legal form
Corporation
How the organization is constituted, as recorded at registration.
Location of record
Bloomfld Hls, MI
The address the IRS holds, not necessarily where it operates.
Most recent filing
Form 990-PF
For tax year 2023.

What it reported for 2023

$101.5 million
Total revenue
$101,468,070
Contributions, grants, program service revenue and investment income.
$2.4 million
Total expenses
$2,435,497
As reported on the return.
$116.0 million
Total assets, book value
$116,040,672
At the end of the year, at what the organization paid for them.
$128.3 million
Total assets, fair market value
$128,287,812
What they are worth now. Only a Form 990-PF reports this.
0
People listed
Officers, directors, trustees, key employees and highest-paid employees.
not reported
Largest reported compensation
This organization reported paying nobody it listed.

How this compares

Total revenue: $101,468,070, 2023
By the revenue it reported, ranks 5,175th of 685,136 organizations with revenue on their return nationally, 137th of 18,338 in Michigan and 333rd of 73,016 in Philanthropy, Voluntarism and Grantmaking Foundations. Larger than 99% of the 685,136 organizations with revenue on their return nationally. It is < 0.1% of the $4,505,194,528,546 reported by every organization with a return on record.

Similar organizations

Other organizations in the same state and category as Penske Foundation Inc
OrganizationRevenue
W K Kellogg Foundation Trust-T/a 5315$918,847,590
W K Kellogg Foundation$435,271,895
Community Foundation for Southeast Michigan$246,111,003
Charles Stewart Mott Foundation$228,318,921
Van Andel Institute$139,332,774
Gilbert Fam Foundation$131,783,494

This organization elsewhere

More in Michigan and under Philanthropy, Voluntarism and Grantmaking Foundations. All organizations: nonprofits.

What this page cannot show

  • Everything here is what the organization told the IRS about itself. The IRS publishes returns as filed and does not audit them first.
  • The figures describe the most recent year on record, which is usually one to two years behind, and not the organization’s current position.
  • Nothing here says whether the organization does its work well, or how it spends what it raises beyond the totals on the form.

Something wrong? Tell us. Full method at methodology.

Sources

Data retrieved