Panola School

Analysis

Panola School is a registered charity in United States, based in Carthage, TX. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Panola School reported income of $2.4m and spending of $2.1m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $2.4m (+56%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Panola School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Covenant Classical School ($2.4m), North American Coalition for Christian Admissions Professionals ($2.4m) and Doral Academy of Colorado Inc ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $92k (4.3% of expenses). Other salaries and wages came to $121k. At year end it held assets of $2.8m against liabilities of $670k, net assets of $2.1m. It reported 29 employees.