Panther Athletic Club

Analysis

Panther Athletic Club is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, Panther Athletic Club reported income of $159k and spending of $133k, spending 83% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $116k to $159k (+37%), an average of +6.5% a year. The sharpest change came in the year to July 2022, when income rose by 293%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Panther Athletic Club sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Collins PTO ($159k), Dobys Bridge Elementary PTO ($159k) and Martial Arts in the Public Interest ($159k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 46% of the total. At year end it held assets of $148k against liabilities of $50k, net assets of $98k.