It is a non-governmental, non-profit organization that has legal status and its building is located in Panama City.

Despite not having its own facilities, it had a large number of exhibitions by renowned Panamanian and Latin American artists, receiving a work from each exhibitor as a donation.

In 1983, the Panarte board of directors decided to look for walls for the Collection, so that it could continue to grow in size and excellence.

In this way, it was possible to give walls to the permanent collection and the Museum of Contemporary Art, belonging to Panarte, was created.

[3] The permanent collection includes: In addition to the exhibitions of the Permanent Collection and national and international temporary exhibitions, guided tours are offered for groups or schools, drawing, painting and graphic design classes, educational workshops, seminars and talks on appreciation and history of art.