Palmetto Family Council

Analysis

Palmetto Family Council is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in August 1993, 33 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, Palmetto Family Council reported income of $415k and spending of $367k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $415k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palmetto Family Council sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include Deposit Community Center ($415k), Mayfest Chicago NFP ($415k) and Dutchess County Sheep & Wool Growers Association Inc ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 114% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $65k (18% of expenses). Other salaries and wages came to $215k. At year end it held assets of $113k against liabilities of $3,595, net assets of $109k. It reported 4 employees.