Palm Beach Civic Association Inc

Analysis

Palm Beach Civic Association Inc is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 April 2024, Palm Beach Civic Association Inc reported income of $2.2m and spending of $2.2m, spending 99% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $2.0m to $2.2m (+12%), an average of +2.2% a year. The sharpest change came in the year to April 2023, when income rose by 35%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Palm Beach Civic Association Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Walhalla Civic Auditorium Inc ($2.2m), Bloomfield-Garfield Corp ($2.2m) and Midwest Community Real Estate Corporation ($2.2m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $729k (34% of expenses). Other salaries and wages came to $404k. At year end it held assets of $4.3m against liabilities of $543k, net assets of $3.8m. It reported 10 employees.