Panza a Washington Nonprofit Corporation

Analysis

Panza a Washington Nonprofit Corporation is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Panza a Washington Nonprofit Corporation reported income of $1.4m and spending of $1.6m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $520k to $1.4m (+175%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 80%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Panza a Washington Nonprofit Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Inland Empire Resource Center ($1.4m), Asian Pacific Self-Development and Residencial Association ($1.4m) and Housing Development Corporation of Salt Lake City ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $169k (10% of expenses). Other salaries and wages came to $537k. At year end it held assets of $13.9m against liabilities of $11.2m, net assets of $2.7m. It reported 16 employees.