Palmetto Trust for Historic Preservation

Analysis

Palmetto Trust for Historic Preservation is a registered charity in United States, based in Camden, SC. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Trust for Historic Preservation reported income of $184k and spending of $251k, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $232k to $184k (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2020, when income rose by 97%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palmetto Trust for Historic Preservation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 57th percentile within SC. Charities of a similar size with the same main cause include Indiana Musical Theatre Foundation Inc ($184k), India Childrens Press ($184k) and Makeict Institute ($184k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Other salaries and wages came to $52k. At year end it held assets of $707k against liabilities of $72k, net assets of $635k. It reported 3 employees.