Jewish Federation of Palm Beach County Inc

Analysis

Jewish Federation of Palm Beach County Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in August 1965, 61 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 2023, Jewish Federation of Palm Beach County Inc reported income of $46.1m and spending of $37.3m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.6m to $46.1m (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Federation of Palm Beach County Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include California Health Foundation and Trust ($46.0m), Illuminations Foundation Inc ($46.3m) and Community Foundation of Sarasota County Inc ($45.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $1.3m (3.6% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $189.5m against liabilities of $42.2m, net assets of $147.3m. It reported 112 employees.