Panola Heights Development Corporation

Analysis

Panola Heights Development Corporation is a registered charity in United States, based in Tarboro, NC. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Panola Heights Development Corporation reported income of $376k and spending of $458k, spending 122% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $378k to $376k (-0.7%), an average of -0.7% a year. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Panola Heights Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Asian Immigrant Women Advocates Inc ($376k), Not Forgotten Outreach Inc ($376k) and Steampark Inc ($376k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $1.5m against liabilities of $2.9m, net assets of -$1.4m.