Panorama West Inc

Analysis

Panorama West Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in May 1971, 55 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Panorama West Inc reported income of $998k and spending of $988k, spending 99% of its income. Across the 6 years on record, from October 2019 to December 2023, income grew from $828k to $998k (+21%), an average of +3.8% a year. The sharpest change came in the year to December 2020, when income rose by 515%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Panorama West Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include Cupertino Community Housing for the Disabled ($998k), Nonantum Village Place Inc ($999k) and Tarrytown Road Development Corporation ($997k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $46k (4.6% of expenses). Other salaries and wages came to $207k. At year end it held assets of $2.0m against liabilities of $118k, net assets of $1.9m.