Panhandle-Plains Higher Education Foundation

Analysis

Panhandle-Plains Higher Education Foundation is a registered charity in United States, based in Canyon, TX. It received its IRS tax-exemption ruling in February 1981, 45 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, Panhandle-Plains Higher Education Foundation reported income of $6.2m and spending of $6.2m, spending 101% of its income. Across the 6 years on record, from August 2019 to December 2023, income fell from $37.8m to $6.2m (-84%), an average of -30% a year. The sharpest change came in the year to December 2021, when income rose by 275%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Panhandle-Plains Higher Education Foundation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Frameworks Institute ($6.2m), Adriel School Inc ($6.2m) and Durham Nativity School Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $473k (7.6% of expenses). Other salaries and wages came to $865k. At year end it held assets of $166.1m against liabilities of $253k, net assets of $165.9m. It reported 13 employees.