The Palm Beach State College FDN Inc

Analysis

The Palm Beach State College FDN Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in September 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, The Palm Beach State College FDN Inc reported income of $8.1m and spending of $13.4m, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $8.1m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2020, when income rose by 114%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Palm Beach State College FDN Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Treasure Valley Classical Academy Inc ($8.1m), Radford University Foundation Inc ($8.1m) and Northeast Ohio Medical University Foundation ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $52.6m against liabilities of $903k, net assets of $51.7m.