Connect Palmer Inc

Analysis

Connect Palmer Inc is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in January 2015, 11 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, Connect Palmer Inc reported income of $150k and spending of $169k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $154k to $150k (-2.8%), an average of -1.4% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connect Palmer Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within AK. Charities of a similar size with the same main cause include Storehouse Community Food Pantry ($150k), Winged Hope Family Advocacy Foundation Inc ($150k) and Johnson City Community Action Team Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.0% of the total. At year end it held assets of $74k against liabilities of $1,556, net assets of $72k.