Pasadena Panthers Incorporated

Analysis

Pasadena Panthers Incorporated is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Pasadena Panthers Incorporated reported income of $111k and spending of $90k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $111k (+89%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pasadena Panthers Incorporated sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Winchester Girls Youth Lacrosse ($111k), Nova Synchro of Virginia Inc ($111k) and Fraser Valley Hockey Association ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $96k against liabilities of $7,650, net assets of $89k.