Palacios Medical Foundation

Analysis

Palacios Medical Foundation is a registered charity in United States, based in Palacios, TX. It received its IRS tax-exemption ruling in September 1974, 52 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, Palacios Medical Foundation reported income of $645k and spending of $652k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $410k to $645k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 312%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palacios Medical Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Greater Erie County Marketing Group Inc Charitable Fund ($645k), Texas Youth Camp ($645k) and Trinity Human Services Corporation ($645k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. At year end it held assets of $268k against liabilities of $0, net assets of $268k.