Palmetto State Literacy Association

Analysis

Palmetto State Literacy Association is a registered charity in United States, based in Clinton, SC. It received its IRS tax-exemption ruling in April 2016, 10 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, Palmetto State Literacy Association reported income of $322k and spending of $386k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $193k to $322k (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 882%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palmetto State Literacy Association sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within SC. Charities of a similar size with the same main cause include Golf Association of Michigan Foundation Inc ($322k), Accel Ai Institute ($322k) and Bridgeland High School Belles Booster Club ($322k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 88% of the total. At year end it held assets of $411k against liabilities of $0, net assets of $411k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.