Ace for Kids of Palm Beach Inc

Analysis

Ace for Kids of Palm Beach Inc is a registered charity in United States, based in Blairsville, GA. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ace for Kids of Palm Beach Inc reported income of $865k and spending of $712k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $865k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ace for Kids of Palm Beach Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Child Nutrition Services Inc ($865k), Avow Care Services Incorporated ($865k) and Redford Opportunity House a Non Profit Housing Corporation ($865k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $241k (34% of expenses). Other salaries and wages came to $199k. At year end it held assets of $348k against liabilities of $0, net assets of $348k. It reported 19 employees.