Palmerton Memorial Park Assn Inc

Analysis

Palmerton Memorial Park Assn Inc is a registered charity in United States, based in Palmerton, PA. It received its IRS tax-exemption ruling in December 1945, 81 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Palmerton Memorial Park Assn Inc reported income of $392k and spending of $322k, spending 82% of its income. Across the 4 years on record, from October 2020 to October 2023, income grew from $275k to $392k (+43%), an average of +12% a year. The sharpest change came in the year to October 2022, when income rose by 31%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Palmerton Memorial Park Assn 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 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Camp Hobe Inc ($392k), Maine High School Hockey Association ($392k) and Katy Pony Baseball Inc ($391k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 28% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $2,980 (0.9% of expenses). Other salaries and wages came to $127k. At year end it held assets of $1.0m against liabilities of $130, net assets of $1.0m. It reported 43 employees.