Texas Panhandle War Memorial Foundation Inc

Analysis

Texas Panhandle War Memorial Foundation Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in January 2012, 14 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 (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, Texas Panhandle War Memorial Foundation Inc reported income of $137k and spending of $207k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $373k to $137k (-63%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 59% 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 War Memorial Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Florida Chamber Music Project Inc ($137k), Falcon Band Boosters ($137k) and Muscle Shoals Songwriters Foundation ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $55k. At year end it held assets of $2.0m against liabilities of $2,212, net assets of $2.0m. It reported 1 employees.