Key facts
| Type | Public charity (publicly supported) |
| Focus (NTEE) | public foundation (T30) |
| Location | Birmingham, AL |
| Total assets | $762K |
| Annual revenue | $2.7M |
| Annual expenses | $2.5M |
| Fiscal year | 2023 |
| EIN | 823036091 |
About Penny Foundation
Penny Foundation is registered with the IRS as public charity (publicly supported) and classified under NTEE code T30 — a publicly supported foundation that raises money and makes grants. It is based in Birmingham, AL. Foundations like this are an important part of the local funding landscape; reviewing a funder's Form 990 is the best way to see what and whom it actually funds before you reach out.
Does Penny Foundation accept applications?
As a public foundation, Penny Foundation is more likely than a private foundation to accept applications or run open grant programs — but policies vary. Check its website or recent Form 990 for an application process before applying.
IRS Form 990 financial history
| Fiscal year | Revenue | Expenses | Total assets |
|---|---|---|---|
| 2023 | $2.7M | $2.5M | $762K |
| 2022 | $1.7M | $1.4M | $591K |
| 2021 | $570K | $323K | $330K |
| 2020 | $162K | $98K | $83K |
| 2019 | $62K | $61K | $18K |
| 2018 | $24K | $7K | $18K |
Figures from the organization's public IRS Form 990 filings (most recent first). For a grantmaking foundation, annual expenses largely reflect grants made plus operating costs.
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Claim a Founding Nonprofit spot →Sources & tools
This is a research profile built from public records — not an endorsement, and not an application portal. Always confirm current priorities, deadlines, and how to apply with the funder before reaching out.
- IRS Form 990 filings on ProPublica Nonprofit Explorer — see every year of this organization's public tax filings.
- IRS Tax Exempt Organization Search — confirm exempt status and pull determination letters.
- How to research a funder · How to find grants
Source: the organization's IRS Form 990 filings (public record) via ProPublica Nonprofit Explorer. Figures are from its most recent available filing and may not reflect current activity. Last verified 2026-06-17.
FAQ
What is Penny Foundation?
Penny Foundation is a publicly supported foundation that raises money and makes grants based in Birmingham, AL. Its IRS employer identification number (EIN) is 823036091.
Where is Penny Foundation located?
Penny Foundation is located in Birmingham, AL 35206-2206.
How large is Penny Foundation?
According to its most recent IRS Form 990 (fiscal year 2023), Penny Foundation reported about $762K in total assets, $2.7M in revenue, and $2.5M in expenses. For a grantmaking foundation, total expenses largely reflect the grants and charitable activity it funds.
Does Penny Foundation accept grant applications?
As a public foundation, Penny Foundation is more likely than a private foundation to accept applications or run open grant programs — but policies vary. Check its website or recent Form 990 for an application process before applying.
What is Penny Foundation's EIN?
Penny Foundation's EIN (employer identification number) is 823036091. You can use it to look up the organization on the IRS Tax Exempt Organization Search or on ProPublica Nonprofit Explorer.