Pallottine Renewal Center Inc

Analysis

Pallottine Renewal Center Inc is a registered charity in United States, based in Florissant, MO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pallottine Renewal Center Inc reported income of $1.3m and spending of $1.2m, spending 98% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $1.1m to $1.3m (+18%), an average of +8.8% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pallottine Renewal Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MO. Charities of a similar size with the same main cause include Maine State Ballet ($1.3m), Bi-County Nutrition Program Inc ($1.3m) and Northwest Arkansas Womens Resources Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $120k (9.7% of expenses). Other salaries and wages came to $471k. At year end it held assets of $584k against liabilities of $14k, net assets of $569k. It reported 30 employees.