Florida Panhandle Marine Institute Inc

Analysis

Florida Panhandle Marine Institute Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Florida Panhandle Marine Institute Inc reported income of $168k and spending of $182k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $122k to $168k (+37%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 126% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Florida Panhandle Marine Institute Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Triple H Miniature Horse Rescue ($168k), Nevada Boxer Rescue ($168k) and Pawsitive Hope Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $305k against liabilities of $0, net assets of $305k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.