Panhandle Council of Car Clubs Inc

Analysis

Panhandle Council of Car Clubs Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Panhandle Council of Car Clubs Inc reported income of $101k and spending of $101k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $101k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Panhandle Council of Car Clubs Inc sits at the 43rd percentile: it is larger than about 43% 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 Womans Club of White Plains Foundation Inc ($101k), Creative Million Inc ($102k) and Nourish Every Child ($101k).

At year end it held assets of $3,970 against liabilities of $0, net assets of $3,970.