Palmetto Christian Academy of Greenwood Inc

Analysis

Palmetto Christian Academy of Greenwood Inc is a registered charity in United States, based in Abbeville, SC. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Palmetto Christian Academy of Greenwood Inc reported income of $1.0m and spending of $1.1m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $788k to $1.0m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 34%. 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, Palmetto Christian Academy of Greenwood Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Quad City Montessori Association Inc ($1.0m), Agents of Hope Training& Information Center ($1.0m) and No Limits Academy Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $33k (3.0% of expenses). Other salaries and wages came to $620k. At year end it held assets of $673k against liabilities of $518k, net assets of $156k. It reported 39 employees.