Pan American Ministries Inc

Analysis

Pan American Ministries Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in March 1978, 48 years ago. 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, Pan American Ministries Inc reported income of $101k and spending of $117k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $110k to $101k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pan American Ministries Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include PTA Texas Congress ($101k), United States Power Squadrons ($101k) and Honor Flight of Oregon ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $56k. At year end it held assets of $46k against liabilities of $661, net assets of $45k.