Panama Mission Foundation

Analysis

Panama Mission Foundation is a registered charity in United States, based in Madera, CA. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Mission Foundation reported income of $282k and spending of $326k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $282k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Panama Mission Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Dmu - Unveil ($282k), Souls of the Christian Apostolate ($282k) and Nigerian Muslim Association of Dallas Inc ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $36k. At year end it held assets of $422k against liabilities of $8,065, net assets of $414k.