Panhandle Services for Children Inc

Analysis

Panhandle Services for Children Inc is a registered charity in United States, based in Guymon, OK. It received its IRS tax-exemption ruling in February 2012, 14 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 June 2023, Panhandle Services for Children Inc reported income of $451k and spending of $396k, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $434k to $451k (+3.9%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Panhandle Services for Children Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OK. Charities of a similar size with the same main cause include Wildberry Apartments Inc ($451k), Durham Housing Assoc Inc ($451k) and South Congregational Church ($451k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $75k (19% of expenses). Other salaries and wages came to $181k. At year end it held assets of $793k against liabilities of $108k, net assets of $685k. It reported 10 employees.