Panhandle Independent Living Center Inc

Analysis

Panhandle Independent Living Center Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Panhandle Independent Living Center Inc reported income of $1.1m and spending of $1.2m, spending 112% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $1.0m to $1.1m (+1.8%), an average of +0.6% a year. The sharpest change came in the year to September 2022, when income rose by 39%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Panhandle Independent Living Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Community Renewal of Pottawatomie County Inc ($1.1m), Orange Community Action Assn ($1.1m) and Women of Renewable Industries and Sustainable Energy ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $90k (7.6% of expenses). Other salaries and wages came to $339k. At year end it held assets of $962k against liabilities of $474k, net assets of $488k. It reported 7 employees.