Panhandle of Texas Lions Foundation Inc

Analysis

Panhandle of Texas Lions Foundation Inc is a registered charity in United States, based in Wheeler, TX. It received its IRS tax-exemption ruling in October 1995, 31 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 (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 2024, Panhandle of Texas Lions Foundation Inc reported income of $590k and spending of $493k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $71k to $590k (+729%), an average of +729% a year. The sharpest change came in the year to June 2024, when income rose by 729%. Over the whole period it spent 108% 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 of Texas Lions Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Changing Destiny Project ($590k), Masonic Charities of Florida Inc ($591k) and Lost River Booster Club ($590k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 8.3% of the total. At year end it held assets of $278k against liabilities of $0, net assets of $278k.