Estes Palmer Foundation

Analysis

Estes Palmer Foundation is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in January 1973, 53 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Estes Palmer Foundation reported income of $330k and spending of $361k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $555k to $330k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 301%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Estes Palmer Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Jewish Federation of Cumberland County ($330k), Camf TR Uad ($330k) and Angelina County Community Fund Inc ($330k).

Compensation of current officers, directors and key employees was $10k (2.8% of expenses). At year end it held assets of $7.6m against liabilities of $0, net assets of $7.6m.