Pancare of Florida Inc

Analysis

Pancare of Florida Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 November 2022, Pancare of Florida Inc reported income of $39.0m and spending of $34.4m, spending 88% of its income. Across the 4 years on record, from November 2018 to November 2022, income grew from $16.4m to $39.0m (+138%), an average of +34% a year. The sharpest change came in the year to November 2020, when income rose by 62%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pancare of Florida Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Planned Parenthood South Atlantic ($38.9m), Dimmit Regional Hospital ($39.0m) and Whole Family Health Center Inc ($38.9m).

On its Form 990 for the period ending November 2022, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $1.8m (5.1% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $29.7m against liabilities of $6.1m, net assets of $23.6m. It reported 458 employees.