Palm Beach Country Club Foundation Inc

Analysis

Palm Beach Country Club Foundation Inc is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in November 2004, 22 years ago. 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 December 2023, Palm Beach Country Club Foundation Inc reported income of $735k and spending of $710k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $413k to $735k (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palm Beach Country Club Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Boy Scouts of America ($735k), The Council Foundation ($735k) and United Cambodian Association of Minnesota Inc ($735k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $701k against liabilities of $0, net assets of $701k.