Texas Panhandle Independent Futures Foundation

Analysis

Texas Panhandle Independent Futures Foundation is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Texas Panhandle Independent Futures Foundation reported income of $785k and spending of $167k, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $43k to $785k (+1711%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 992%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Texas Panhandle Independent Futures Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Midland Community Development Corporation ($785k), Charis Inc ($785k) and Helping Hand of Myrtle Beach Inc ($785k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 1.9% of the total. At year end it held assets of $2.0m against liabilities of $814k, net assets of $1.2m.