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New York · Nonprofit

PENUMBRA FOUNDATION

PENUMBRA FOUNDATION (New York) receives grants from 15 organizations whose IRS filings report $479,443 to it, the largest being JOY OF GIVING SOMETHING INC ($130,000). 10 of them have funded it in more than one year.

Revenue FY2023
$1.0M
Funders on record
15
Grants received
$479k
Net assets
$189k
10/15 repeat funderspeak grant-dependency 13%
01What it does

What Penumbra Foundation does

Program

  1. Public programs supporting contemporary artists,advancing historical processes, pushing the limits of the photographic medium, and creating a dynamic community of 21st century practitioners

    $747,762 spent

The program described on its FY2023 Form 990-PF.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($295k) Expenses 100 ($312k) Net assets 100 ($26k)2018 Revenue 140 ($414k) Expenses 130 ($404k) Net assets 136 ($36k)2019 Revenue 239 ($705k) Expenses 224 ($699k) Net assets 159 ($42k)2020 Revenue 166 ($489k) Expenses 163 ($509k) Net assets 82 ($22k)2021 Revenue 284 ($840k) Expenses 244 ($762k) Net assets 599 ($158k)2022 Revenue 268 ($790k) Expenses 272 ($847k) Net assets 393 ($104k)2023 Revenue 344 ($1.0M) Expenses 301 ($937k) Net assets 716 ($189k)
2017201820192020202120222023
Revenue (344)Expenses (301)Net assets (716)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $43k to $189k (+341%).

$27k
$37k
$43k
$189k
$297k
$246k
$372k
2017201820192020202120222023
Total assetsTotal liabilities

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

2017201820192020202120222023
Listed224491011
Joined···+0+5+1+2
No longer listed···0001
03Who funds it

Who funds it, year by year

2019 → 2023: the base broadened from 1 funder to 10 funders, grant income rose $250 → $114k.

3 of 15 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 16% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of PENUMBRA FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

PENUMBRA FOUNDATION has a broad base — no single funder exceeds 27% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

27%
largest funder
59%
top three
~6
effective funders

Largest funder’s share by year: 2019 100% · 2020 40% · 2021 72% · 2022 45% · 2023 35% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

60% of PENUMBRA FOUNDATION's funders are still giving 3 years after their first grant; 67% give in more than one year at all.

first grant+1y+2y+3y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

97% of PENUMBRA FOUNDATION's grant income comes from New York funders.

NY
PA
CA
VA

In-state vs out-of-state, by year

’19
’20
’21
’22
’23
New York out of state home

Funder states come from each funder’s own filing. $75k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

PENUMBRA FOUNDATION has grown faster than three-quarters of the 4,778 arts & culture nonprofits its size.

Months of reserve0.8mo · bottom quartile
Revenue growth (annualized)23% · top quartile

this organization peer median middle 50% of peers· 4,778 arts & culture nonprofits $1M–$10M, FY2023

Organizations like PENUMBRA FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Screen this organization

A dated, signed PDF of the compliance screen for PENUMBRA FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds PENUMBRA FOUNDATION?
PENUMBRA FOUNDATION (New York) receives grants from 15 organizations whose IRS filings report $479,443 to it, the largest being JOY OF GIVING SOMETHING INC ($130,000). 10 of them have funded it in more than one year.
How many funders does PENUMBRA FOUNDATION have?
IRS filings report 15 organizations giving $479,443 in grants to PENUMBRA FOUNDATION, 10 of which have funded it in more than one year.
Who is the largest funder of PENUMBRA FOUNDATION?
JOY OF GIVING SOMETHING INC is the largest funder on record, with $130,000 in grants. The full list of funders is on this page.
How can an organization like PENUMBRA FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Penumbra →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2023 (financials across 2017–2023), and the filings of 15 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing