Palmo Center for Peace & Education

Analysis

Palmo Center for Peace & Education is a registered charity in United States, based in Cottage Grove, OR. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Palmo Center for Peace & Education reported income of $255k and spending of $135k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $147k to $255k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palmo Center for Peace & Education sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within OR. Charities of a similar size with the same main cause include New York Classical Players Inc ($255k), Bailey Foundation ($256k) and Brockus Project Dance Company ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $58k (43% of expenses). At year end it held assets of $173k against liabilities of $1,392, net assets of $172k. It reported 1 employees.