Texas Panhandle Heritage Foundation Inc

Analysis

Texas Panhandle Heritage Foundation Inc is a registered charity in United States, based in Canyon, TX. It received its IRS tax-exemption ruling in March 1962, 64 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Texas Panhandle Heritage Foundation Inc reported income of $1.8m and spending of $1.8m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.9m to $1.8m (-4.8%), an average of -1.2% a year. The sharpest change came in the year to September 2021, when income rose by 1309%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Panhandle Heritage Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Fort Apache Heritage Foundation Inc ($1.8m), Theatre for the New City Foundation Inc ($1.8m) and Performing Arts Foundation of Kansas City ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 78% of the total. Other salaries and wages came to $665k. At year end it held assets of $2.3m against liabilities of $4,507, net assets of $2.3m. It reported 15 employees.