Palmetto State Arts Education

Analysis

Palmetto State Arts Education is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in May 1989, 37 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, Palmetto State Arts Education reported income of $248k and spending of $238k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $306k to $248k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmetto State Arts Education sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 63rd percentile within SC. Charities of a similar size with the same main cause include Fresno Area Community Enterprises Inc ($248k), International Association of Pastel Societies ($248k) and Ibero-American Action League Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $36k. At year end it held assets of $104k against liabilities of $5,938, net assets of $98k. It reported 1 employees.