Palm Tree School

Analysis

Palm Tree School is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in August 2011, 15 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 December 2023, Palm Tree School reported income of $951k and spending of $794k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $729k to $951k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palm Tree School sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include South Piedmont Community College Foundation Inc ($951k), Auxiliary Services Corporation of Erie Community College ($951k) and Kipp Minnesota Abc ($950k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $2.5m against liabilities of $2.3m, net assets of $168k. It reported 4 employees.