The International Society of Palm Beach Inc

Analysis

The International Society of Palm Beach Inc is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in July 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 February 2023, The International Society of Palm Beach Inc reported income of $188k and spending of $254k, spending 135% of what it took in. Across the 4 years on record, from February 2020 to February 2023, income fell from $551k to $188k (-66%), an average of -30% a year. The sharpest change came in the year to February 2021, when income dropped by 41%. 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, The International Society of Palm Beach Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Bastrop County Historical Society Inc ($188k), Village of Phoenix Public Library ($188k) and Friends of the John D Calandra Italian American Institute ($188k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $73k. At year end it held assets of $293k against liabilities of $6,003, net assets of $287k.