Palmetto Association for Children and Families

Analysis

Palmetto Association for Children and Families is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in July 1990, 36 years ago. 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 December 2022, Palmetto Association for Children and Families reported income of $361k and spending of $269k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $342k to $361k (+5.4%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmetto Association for Children and Families sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Abuse Resource Network ($361k), Metro Technology Centers Foundation Inc ($361k) and Iowa Grocers Education Foundation ($361k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 76% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $111k (41% of expenses). Other salaries and wages came to $16k. At year end it held assets of $3.0m against liabilities of $67k, net assets of $2.9m. It reported 3 employees.