The Citizens Association of Palm Beach Inc

Analysis

The Citizens Association of Palm Beach Inc is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, The Citizens Association of Palm Beach Inc reported income of $193k and spending of $171k, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $159k to $193k (+21%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Citizens Association of Palm Beach Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Friends of Apache Junction ($193k), Tompkins County Workers Center Inc ($193k) and Rebuilding Together Central Alabama ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Other salaries and wages came to $48k. At year end it held assets of $117k against liabilities of $21k, net assets of $96k. It reported 1 employees.