PENCILS OF PROMISE INCORPORATED
Mission Statement
Pencils of Promise believes every child should have access to quality education. They create schools, programs, and global communities around the common goal of education for all.[3] Pencils of Promise focuses on building strong structures and sustainable education programs by forming long-lasting, collaborative relationships with communities. Sites are picked taking into need, sustainability, cost efficiency, impact and commitment. The facilities are built with local labor and material. The charity also supports projects through ongoing education programs, curriculum, scholarships, and sister programs. Local staff are provided with professional development training to grow as professionals and take on leadership and mentor-ship roles. A majority of staff members are females and from the minorities.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
87.5% | 85.1% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
3.9% | 9.1% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
8.6% | 3.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
146.9% | 183.3% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.0 mo | 8.4 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
47.6% | 5.8% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 96.6% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-19.1% | 6.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
1.5% | 8.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-40.5% | 0.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.8M | $3.9M | $642K | 87.5% | 8 |
| 2023 | $3.5M | $3.9M | $1.8M | 82.1% | 15 |
| 2022 | $5.4M | $5.8M | $2.2M | 82.3% | 18 |
| 2021 | $5.0M | $6.8M | N/A | — | 28 |
| 2020 | $5.4M | $5.4M | N/A | — | 21 |
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