Palmyra Area Education Foundation

Analysis

Palmyra Area Education Foundation is a registered charity in United States, based in Palmyra, PA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Palmyra Area Education Foundation reported income of $75k and spending of $82k, spending 110% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $110k to $75k (-32%), an average of -32% a year. The sharpest change came in the year to June 2023, when income dropped by 32%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palmyra Area Education Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include Derech Hakodesh Inc ($75k), Thompson School Parent-Teacher Organization ($75k) and Portage Township Music Boosters Inc ($75k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.