Palmyra Community Center Inc

Analysis

Palmyra Community Center Inc is a registered charity in United States, based in Palmyra, NY. It received its IRS tax-exemption ruling in March 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2024, Palmyra Community Center Inc reported income of $471k and spending of $452k, spending 96% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $438k to $471k (+7.5%), an average of +1.5% a year. The sharpest change came in the year to May 2023, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palmyra Community Center Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Henrico Christmas Mother ($471k), Greater North Shore Link Inc ($471k) and Hospice of Kona Foundation ($471k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 50% and program service revenue 42% of the total. Other salaries and wages came to $183k. At year end it held assets of $989k against liabilities of $51k, net assets of $938k. It reported 20 employees.