Pan Atlantic Foundation

Analysis

Pan Atlantic Foundation is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pan Atlantic Foundation reported income of $4.4m and spending of $4.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $4.4m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Pan Atlantic Foundation sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within ME. Charities of a similar size with the same main cause include Outreach Inc ($4.4m), Children of Heroes of Ukraine Foundation ($4.4m) and International Call Organization Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $903k (21% of expenses). Other salaries and wages came to $873k. At year end it held assets of $2.7m against liabilities of $1.5m, net assets of $1.2m. It reported 18 employees.