Panhandle Community Services

Analysis

Panhandle Community Services is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in May 1966, 60 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 December 2023, Panhandle Community Services reported income of $34.4m and spending of $32.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.7m to $34.4m (+66%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Panhandle Community Services sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Bible Fellowship Church Homes Inc ($34.4m), Homewood Living Plum Creek Inc ($34.5m) and Human Services Association ($34.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $87k (0.3% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $12.8m against liabilities of $1.2m, net assets of $11.7m. It reported 183 employees.