Friends of Panthertown

Analysis

Friends of Panthertown is a registered charity in United States, based in Cashiers, NC. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Panthertown reported income of $204k and spending of $198k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $204k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Panthertown sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Workfaith Birmingham ($204k), Bizworks Enterprise Center ($204k) and Twenty Pearls Foundation Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $132k. At year end it held assets of $85k against liabilities of $12k, net assets of $72k. It reported 3 employees.