Forum Club of the Palm Beaches Inc

Analysis

Forum Club of the Palm Beaches Inc is a registered charity in United States, based in N Palm Beach, FL. It received its IRS tax-exemption ruling in December 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Forum Club of the Palm Beaches Inc reported income of $641k and spending of $671k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $565k to $641k (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 106%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Forum Club of the Palm Beaches Inc 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 University of Delaware Research Foundation Inc ($641k), Safe of Columbia County ($641k) and Laurel Hill Nursery School ($641k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $121k (18% of expenses). Other salaries and wages came to $76k. At year end it held assets of $509k against liabilities of $18k, net assets of $492k. It reported 5 employees.