Panama Missions

Analysis

Panama Missions is a registered charity in United States, based in Hope Hull, AL. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Panama Missions reported income of $179k and spending of $172k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $169k to $179k (+5.6%), an average of +1.8% a year. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Panama Missions sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within AL. Charities of a similar size with the same main cause include Rock Bridge Ministries Inc ($178k), Africa Windmill Project Inc ($179k) and Physicians Circle for Patients Incorporated ($178k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,923 against liabilities of $0, net assets of $7,923.