Hindu Sanatan Center of Panhandle Inc

Analysis

Hindu Sanatan Center of Panhandle Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hindu Sanatan Center of Panhandle Inc reported income of $143k and spending of $127k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $506k to $143k (-72%), an average of -27% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hindu Sanatan Center of Panhandle 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 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Darou Salam Islamic Community ($143k), Uplift and Educate International Corp ($143k) and International Congress of Churches and Ministers ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.1m against liabilities of $88k, net assets of $1.0m.