Recreation & Sports (N20) IRS Verified DX Registered 990 on File

PENTAGON FEDERAL CREDIT UNION FDN PENFED FOUNDATION

EIN: 54-2062271 · MCLEAN, VA 22102-3381 · United States · FY 2023 Data

3 out of 5 51 / 100 Based on 2+ years of filings

Financial strength (30%) 68/100

Reliability (20%) 55/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

The PenFed Foundation for Military Heroes is a 501(c)3 non-profit with a mission to empower military service members, veterans, and their communities with the skills and resources to realize financial stability and opportunity. They change lives through financial education, home ownership, short-term assistance, and veteran entrepreneurial support. Since 2001, the PenFed Foundation has provided more than $38.5 million in financial support to more than 140,000 military families. In 2022, the PenFed Foundation awarded grants totaling $1.4 million to our Military Heroes and families who sacrificed so much to defend our nation. Thanks to the generosity of the PenFed Credit Union which pays most of the Foundation overhead, more than 95% of each donation goes directly to support these programs.

Financial Overview — FY 2023

$3.3M

Total Revenue

$2.6M

Total Expenses

$7.8M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 85.8%

Fundraising Efficiency 59.3%

Operating Reserve 35.74x

Liability-to-Asset 8.6%

Revenue Diversification 115.2%

Compared with Peers

FY 2023

Compared with 2,002 similar organizations (United States, Recreation & Sports, $1M–$10M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	85.8%	87.3%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	9.5%	9.6%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	4.7%	0.0%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	59.3%	43.7%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	35.7 mo	8.5 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	8.6%	11.0%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	115.2%	90.1%	P10P90	Bottom quarter
Revenue growth Year over year revenue growth	-58.0%	10.1%	P10P90
Expense growth Year over year expense growth	-39.1%	13.3%	P10P90
Surplus margin Surplus as a share of revenue	20.4%	2.8%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2023	$3.3M	$2.6M	$7.8M	85.8%
2022	$7.8M	$4.3M	$8.5M	75.5%
2021	$6.7M	$4.1M	N/A	—

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Organization Details

EIN: 54-2062271
State: VA
City: MCLEAN
ZIP: 22102-3381
Classification: N20
Category: Recreation & Sports
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2001
Foundation Code: 16
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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