Penny Lane Centers
AI Summary
Penny Lane Centers is a nonprofit organization dedicated to empowering hopes and dreams through residential mental health care. With an operating budget of $60.6 million and total revenue of $70.5 million for the 2024 filing year, the organization is committed to inclusivity, welcoming individuals regardless of their background. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.pennylane.org.
Mission Statement
We empower hopes and dreams. Our values are commitment, community, and collaboration. We welcome all regardless of gender, race, age, religion, disability, marital status, ethnic background, sexual orientation, gender identity and gender expression.
Cause Areas
1
Residential mental health care
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See similar nonprofits by cause and location, their funders, and their grants.
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is Penny Lane Centers’s budget?
In 2024, Penny Lane Centers reported an annual operating budget of around $60.6 million. More detailed financial information is available to registered users.
What causes does Penny Lane Centers support?
Penny Lane Centers supports work in Residential mental health care.
Where does Penny Lane Centers operate?
Penny Lane Centers is headquartered in North Hollywood, CA.
Who funded Penny Lane Centers recently?
In 2025, Penny Lane Centers received grants from AMERICAN ONLINE GIVING FOUNDATION INC, FANNY & SVANTE KNISTROM FOUNDATION C/O STICKEL FRAHN & LLOYD, and THE AHMANSON FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant Penny Lane Centers received in 2024?
The largest grant to Penny Lane Centers in 2024 exceeds $130 thousand.
What is Penny Lane Centers’s reliance on government grants?
Penny Lane Centers relied on government grants for more than 90% of their total revenue in 2024.