Panhandle Children Foundation

Analysis

Panhandle Children Foundation is a registered charity in United States, based in Channing, TX. It received its IRS tax-exemption ruling in April 2004, 22 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 Children Foundation reported income of $246k and spending of $306k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $402k to $246k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Panhandle Children Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Manhattan Senior Center Inc ($246k), Dorcas Medical Mission Inc ($246k) and Lynden Legacy Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Other salaries and wages came to $79k. At year end it held assets of $848k against liabilities of $0, net assets of $848k. It reported 6 employees.