Town of Palm Beach United Way Inc

Analysis

Town of Palm Beach United Way Inc is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in February 1949, 77 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Town of Palm Beach United Way Inc reported income of $6.7m and spending of $5.9m, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.7m to $6.7m (+43%), an average of +7.4% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Town of Palm Beach United Way Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Stanita Foundation ($6.7m), Clayton Foundation ($6.7m) and Asian Hope ($6.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $226k (3.8% of expenses). Other salaries and wages came to $221k. At year end it held assets of $20.9m against liabilities of $4.3m, net assets of $16.7m. It reported 5 employees.