Palacios Isd Educational Foundation

Analysis

Palacios Isd Educational Foundation is a registered charity in United States, based in Palacios, TX. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Palacios Isd Educational Foundation reported income of $93k and spending of $132k, spending 142% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $57k to $93k (+63%), an average of +13% a year. The sharpest change came in the year to August 2022, when income rose by 1393%. Over the whole period it spent 227% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palacios Isd Educational Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Kidz Outdoors Inc ($93k), Advocates for Freedom ($93k) and Lighthouse Prison and Nursing Home Ministries Inc ($93k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.

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.