Panhandle Area Sheltered Workshop

Analysis

Panhandle Area Sheltered Workshop is a registered charity in United States, based in Guymon, OK. It received its IRS tax-exemption ruling in April 1982, 44 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 June 2023, Panhandle Area Sheltered Workshop reported income of $2.3m and spending of $2.8m, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $2.3m (+11%), an average of +3.4% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Panhandle Area Sheltered Workshop sits at the 86th percentile: it is larger than about 86% 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 North Carolina Coalition Against Sexual Assault Inc ($2.3m), Wetlands Institute ($2.3m) and Newstart Housing Corporation ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $47k (1.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.3m against liabilities of $141k, net assets of $2.1m. It reported 104 employees.