Panola College Foundation

Analysis

Panola College Foundation is a registered charity in United States, based in Carthage, TX. It received its IRS tax-exemption ruling in February 1983, 43 years ago. 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 August 2023, Panola College Foundation reported income of $322k and spending of $169k, leaving 47% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $264k to $322k (+22%), an average of +5.1% a year. The sharpest change came in the year to August 2021, when income rose by 104%. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Panola College Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include American Legion Boys State of Virginia Inc ($322k), Madison County Pregnancy Help Center Inc ($322k) and Threshold Foundation Inc ($322k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $4.2m against liabilities of $54k, net assets of $4.2m.