Panhandle-Plains Historical Society

Analysis

Panhandle-Plains Historical Society is a registered charity in United States, based in Canyon, TX. It received its IRS tax-exemption ruling in April 1951, 75 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 August 2023, Panhandle-Plains Historical Society reported income of $3.4m and spending of $2.2m, leaving 34% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.4m to $3.4m (+39%), an average of +8.7% a year. The sharpest change came in the year to August 2023, when income rose by 27%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Panhandle-Plains Historical Society sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Belcourt Theatre Inc ($3.4m), Foothills Art Center Inc ($3.4m) and Brooklyn Music School ($3.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 18% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $16.0m against liabilities of $84k, net assets of $15.9m.