Palo Pinto Area Foundation Inc

Analysis

Palo Pinto Area Foundation Inc is a registered charity in United States, based in Mineral Wells, TX. It received its IRS tax-exemption ruling in January 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Palo Pinto Area Foundation Inc reported income of $51k and spending of $26k, leaving 50% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $32k to $51k (+61%), an average of +17% a year. The sharpest change came in the year to September 2023, when income rose by 68%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palo Pinto Area Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Sam Houston Elementary Parent Teacher Organization ($51k), PTA North Carolina Congress ($51k) and Country Dance & Song Society Inc ($51k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $576k against liabilities of $625, net assets of $576k.