Panorama

Analysis

Panorama is a registered charity in United States, based in Lacey, WA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2023, Panorama reported income of $54.5m and spending of $49.5m, spending 91% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $49.3m to $54.5m (+11%), an average of +2.5% a year. The sharpest change came in the year to July 2023, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Panorama sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Genesee Livingston Orleans Wyoming Counties Chapter Nysarc Inc ($54.3m), Climate Breakthrough Inc ($54.5m) and Lakeview Village Inc ($54.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.7m (3.4% of expenses). Other salaries and wages came to $17.6m. At year end it held assets of $227.5m against liabilities of $126.5m, net assets of $101.1m. It reported 426 employees.