Palmetto AIDS Life Support Services

Analysis

Palmetto AIDS Life Support Services is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 1987, 39 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 June 2023, Palmetto AIDS Life Support Services reported income of $4.8m and spending of $4.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $4.8m (+199%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmetto AIDS Life Support Services sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Residential Group Homes Inc ($4.8m), St Marys Plaza Inc ($4.8m) and Council on Quality & Leadership in Supports for People with Disabilit ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $269k (5.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $1.7m against liabilities of $543k, net assets of $1.1m. It reported 58 employees.