Panhandle Area Development District

Analysis

Panhandle Area Development District is a registered charity in United States, based in Scottsbluff, NE. It received its IRS tax-exemption ruling in May 1974, 52 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 June 2024, Panhandle Area Development District reported income of $1.1m and spending of $367k, leaving 66% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $413k to $1.1m (+159%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 297%. Over the whole period it spent 39% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Panhandle Area Development District sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NE. Charities of a similar size with the same main cause include Rock County Opportunities Inc ($1.1m), Harrisonburg Downtown Renaissance ($1.1m) and South Peoria Neighborhod ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $74k (20% of expenses). Other salaries and wages came to $102k. At year end it held assets of $2.2m against liabilities of $315k, net assets of $1.9m. It reported 3 employees.