Panama City Trilingual School Inc

Analysis

Panama City Trilingual School Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Panama City Trilingual School Inc reported income of $1.3m and spending of $1.1m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $1.3m (+1113%), an average of +87% a year. The sharpest change came in the year to December 2020, when income rose by 165%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Panama City Trilingual School Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include White Rock Boathouse Inc ($1.3m), Iurban Teen ($1.3m) and The Anti Fraud Coalition Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $12k (1.1% of expenses). At year end it held assets of $381k against liabilities of $15k, net assets of $366k.