Palisades Emergency Residence Corp

Analysis

Palisades Emergency Residence Corp is a registered charity in United States, based in Union City, NJ. It received its IRS tax-exemption ruling in November 1990, 36 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, Palisades Emergency Residence Corp reported income of $1.4m and spending of $1.6m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+4.4%), an average of +1.1% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palisades Emergency Residence Corp sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include St Johns Church Foundation ($1.4m), Jefferson County Greenways Foundation ($1.4m) and Young Mens Christian Association of Sandusky County ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $671k. At year end it held assets of $3.1m against liabilities of $2.7m, net assets of $426k. It reported 28 employees.