Pano Network Inc

Analysis

Pano Network Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pano Network Inc reported income of $64k and spending of $62k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $16k to $64k (+302%), an average of +59% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pano Network Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Minnesota Bach Ensemble ($64k), North Texas Youth Ballet Inc ($64k) and Quad Cities Jazz Festival Ltd ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. It paid $7,237 in professional fundraising fees. At year end it held assets of $41k against liabilities of $205, net assets of $40k.