Junior League of Panama City Inc

Analysis

Junior League of Panama City Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in March 1953, 73 years ago. 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 May 2023, Junior League of Panama City Inc reported income of $220k and spending of $225k, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $258k to $220k (-15%), an average of -3.9% a year. The sharpest change came in the year to May 2020, when income dropped by 59%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Junior League of Panama City Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Wellesley Friendly Aid Association ($220k), Little League Baseball Inc ($220k) and Des Moines County Historial Society ($220k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 21% and program service revenue 15% of the total. Other salaries and wages came to $27k. At year end it held assets of $739k against liabilities of $217k, net assets of $522k. It reported 1 employees.