Palacios Community Hub

Analysis

Palacios Community Hub is a registered charity in United States, based in Palacios, TX. It received its IRS tax-exemption ruling in October 2014, 12 years ago. 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, Palacios Community Hub reported income of $275k and spending of $245k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $275k (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palacios Community Hub sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Indianapolis AIDS Housing Corp ($275k), Arkrock Academy ($275k) and North Mason Scholarship Foundation ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (21% of expenses). Other salaries and wages came to $112k. At year end it held assets of $44k against liabilities of $3,972, net assets of $40k. It reported 6 employees.