Palmetto Boys State

Analysis

Palmetto Boys State is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Boys State reported income of $523k and spending of $511k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $517k to $523k (+1.1%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 771%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Palmetto Boys State sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within SC. Charities of a similar size with the same main cause include Hanover Youth Athletic Association ($523k), Outloud Dallas ($523k) and Students of Service Inc ($522k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.