Panthers Athletic Club Inc

Analysis

Panthers Athletic Club Inc is a registered charity in United States, based in Pasadena, MD. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Panthers Athletic Club Inc reported income of $361k and spending of $328k, spending 91% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $258k to $361k (+40%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Panthers Athletic Club Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Martinsville Agricultural Fair Assn Inc ($361k), Boerne Youth Baseball Athletic Association Inc ($361k) and Type 1 United ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.