Palmetto Youth Center

Analysis

Palmetto Youth Center is a registered charity in United States, based in Palmetto, FL. It received its IRS tax-exemption ruling in March 1984, 42 years ago. 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, Palmetto Youth Center reported income of $655k and spending of $735k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $798k to $655k (-18%), an average of -4.8% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmetto Youth Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include New Jersey State Organization of Cystic Fibrosis ($655k), Homes for the Homeless Inc ($655k) and Vets Helping Heroes Inc ($654k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $60k (8.2% of expenses). Other salaries and wages came to $257k. At year end it held assets of $721k against liabilities of $46k, net assets of $675k. It reported 21 employees.