Royal Palm Academy Inc

Analysis

Royal Palm Academy Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Royal Palm Academy Inc reported income of $6.8m and spending of $6.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $6.8m (+84%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Royal Palm Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include YWCA Madison Inc ($6.8m), The Womens Home ($6.8m) and Denver Indian Health and Family Services Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $300k (4.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $6.6m against liabilities of $2.2m, net assets of $4.4m. It reported 82 employees.