Josh Palmer Fund Inc

Analysis

Josh Palmer Fund Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Josh Palmer Fund Inc reported income of $91k and spending of $90k, spending 99% of its income. Across the 3 years on record, from June 2021 to June 2024, income fell from $223k to $91k (-59%), an average of -36% a year. The sharpest change came in the year to June 2023, when income dropped by 61%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Josh Palmer Fund Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Oliva Helping Hands Foundation Corp ($91k), Penfield Ecumenical Food Shelf Inc ($91k) and Community Christian 25c Store ($91k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 5.5% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.