The Pangea Network

Analysis

The Pangea Network is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Pangea Network reported income of $473k and spending of $387k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $434k to $473k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Pangea Network sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Highland District Council on Aging Inc ($473k), Grace Counseling Group ($473k) and Middle Island Caring for Kids Day Care Center Inc ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $67k (17% of expenses). At year end it held assets of $424k against liabilities of $7,463, net assets of $417k. It reported 1 employees.