Enterprise Palm Beach Inc

Analysis

Enterprise Palm Beach Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Enterprise Palm Beach Inc reported income of $105k and spending of $106k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $311k to $105k (-66%), an average of -30% a year. The sharpest change came in the year to December 2023, when income rose by 600%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Enterprise Palm Beach Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Janesville Rotary Foundation ($105k), Reach Waupun Inc ($105k) and Innovation Center for Urban Entrepreneurship ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,875 against liabilities of $0, net assets of $3,875.

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.