Arnold & Winnie Palmer Foundation Inc

Analysis

Arnold & Winnie Palmer Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in September 2014, 12 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 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 June 2023, Arnold & Winnie Palmer Foundation Inc reported income of $3.0m and spending of $3.2m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.0m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 217%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Arnold & Winnie Palmer Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Meisel & Pesses Family Foundation ($3.0m), Air International ($3.0m) and Emeril Lagasse Foundation ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $173k (5.4% of expenses). Other salaries and wages came to $429k. At year end it held assets of $25.1m against liabilities of $465k, net assets of $24.7m.