Panhandle State Foundation

Analysis

Panhandle State Foundation is a registered charity in United States, based in Goodwell, OK. It received its IRS tax-exemption ruling in December 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Panhandle State Foundation reported income of $2.2m and spending of $774k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $2.2m (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Panhandle State Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within OK. Charities of a similar size with the same main cause include Sherwood Montessori ($2.2m), Foundation for Vision Rehabilitation and Employment ($2.2m) and Mid Mississippi Regional Library ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Other salaries and wages came to $63k. At year end it held assets of $21.4m against liabilities of $264k, net assets of $21.1m. It reported 1 employees.