Palmetto Center for Policyalternatives Inc

Analysis

Palmetto Center for Policyalternatives Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Palmetto Center for Policyalternatives Inc reported income of $100k and spending of $101k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $166k to $100k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmetto Center for Policyalternatives Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 42nd percentile within SC. Charities of a similar size with the same main cause include Adams Gladwell Durham Foundation ($100k), Dillsboro Emergency Ambulance Unit Inc ($100k) and Nacogdoches Airport Improvement Foundation ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.