Palmetto Place Inc

Analysis

Palmetto Place Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2023, Palmetto Place Inc reported income of $109k and spending of $133k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $109k (+14%), an average of +3.3% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Palmetto Place Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 45th percentile within SC. Charities of a similar size with the same main cause include West Suburban Fellowship Club Inc ($109k), American Deafness & Rehabilitation Association ($109k) and Greater Fresno Area Intergroup Association Inc ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 33% of the total. At year end it held assets of $325k against liabilities of $36k, net assets of $289k.