Palmer Community Foundation Inc

Analysis

Palmer Community Foundation Inc is a registered charity in United States, based in Palmer, NE. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Palmer Community Foundation Inc reported income of $583k and spending of $223k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $583k (+316%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 162%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palmer Community Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NE. Charities of a similar size with the same main cause include Great Falls Childrens Receiving Home ($583k), Reach & Restore ($583k) and Deerfield Beach Community Cares ($583k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $147k. At year end it held assets of $702k against liabilities of $2,371, net assets of $699k. It reported 12 employees.