Panacea Waterfronts Florida Partnership Inc

Analysis

Panacea Waterfronts Florida Partnership Inc is a registered charity in United States, based in Panacea, FL. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Panacea Waterfronts Florida Partnership Inc reported income of $174k and spending of $80k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $313k to $174k (-45%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Panacea Waterfronts Florida Partnership Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Kansas Head Start Association ($174k), Park City Reads ($174k) and Everyday Hero Project Inc ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 151% and program service revenue 3.3% of the total. At year end it held assets of $233k against liabilities of $0, net assets of $233k.