Palm Beach Atlantic University Inc

Analysis

Palm Beach Atlantic University Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in September 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Palm Beach Atlantic University Inc reported income of $161.4m and spending of $141.2m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $116.7m to $161.4m (+38%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palm Beach Atlantic University Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Early Learning Coalition of Duval Inc ($160.9m), Regis University ($162.1m) and Warszawski Uniwrsytet Medyczny ($160.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $4.1m (2.9% of expenses). Other salaries and wages came to $33.1m. At year end it held assets of $311.8m against liabilities of $74.1m, net assets of $237.7m. It reported 1,407 employees.