Panhandle Library Access Network Inc

Analysis

Panhandle Library Access Network Inc is a registered charity in United States, based in Vernon, FL. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, Panhandle Library Access Network Inc reported income of $954k and spending of $908k, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $856k to $954k (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2022, when income rose by 93%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Panhandle Library Access Network Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Litchfield Ambulance Association Inc ($954k), Hope Recovery Community Inc ($954k) and The Shepherds Center of Greater Winston-Salem Inc ($954k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $106k (12% of expenses). Other salaries and wages came to $117k. At year end it held assets of $560k against liabilities of $86k, net assets of $475k. It reported 3 employees.