Palmetto Bible Camp Inc

Analysis

Palmetto Bible Camp Inc is a registered charity in United States, based in Marietta, SC. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Bible Camp Inc reported income of $403k and spending of $411k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $405k to $403k (-0.4%), an average of -0.1% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Palmetto Bible Camp Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Camp Rainbow Foundation ($403k), Lakeville North Boys Basketball Association ($403k) and Friends of Ecusta Trail Inc ($403k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 49% of the total. Other salaries and wages came to $43k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 1 employees.

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.