Question 1

What is the mission of THE PENNIES FOUNDATION?

Accepted Answer

PROMOTING THE VOLUNTARY SECTOR BY ENCOURAGING AND FACILITATING CHARITABLE GIVING THROUGH THE USE OF TECHNOLOGY (IN PARTICULAR USING PENNIES THE DIGITAL CHARITY BOX (PENNIES) DESIGNED TO MAKE IT EASIER TO GIVE TO CHARITY, AND MONITORING THE USE OF THE FUNDS BY CHARITABLE ORGANISATIONS.

Question 2

What is the financial size of THE PENNIES FOUNDATION?

Accepted Answer

THE PENNIES FOUNDATION is classified as a major charity. In the latest financial year, they reported a total income of £11,450,284 and total expenditure of £11,352,038.

Question 3

How does THE PENNIES FOUNDATION allocate its spending?

Accepted Answer

For every pound spent, approximately 100.0% goes directly to charitable activities. The remaining 0.0% is spent on raising funds and administration. This is higher than the median for similar-sized charities (96.6%).

Question 4

What is the workforce structure of THE PENNIES FOUNDATION?

Accepted Answer

THE PENNIES FOUNDATION employs 20 staff members and is supported by 2 volunteers.

Question 5

Does THE PENNIES FOUNDATION receive government funding?

Accepted Answer

To a small extent. Approximately 0.0% of their income comes from government grants or contracts.

Question 6

Does THE PENNIES FOUNDATION pay its trustees?

Accepted Answer

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

THE PENNIES FOUNDATION

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