Palmetto Bluff Foundation

Analysis

Palmetto Bluff Foundation is a registered charity in United States, based in Bluffton, SC. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Palmetto Bluff Foundation reported income of $2.0m and spending of $1.2m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.0m (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 55% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Palmetto Bluff Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Pathfinders Resource Conservation and Development Area Inc ($2.0m), Black Belt Unincorporated Wastewater Program ($2.0m) and Arundel Rivers Federation Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 71% of the total. At year end it held assets of $6.4m against liabilities of $329k, net assets of $6.1m.