The Palms Estates of Highland County Inc

Analysis

The Palms Estates of Highland County Inc is a registered charity in United States, based in Lorida, FL. It received its IRS tax-exemption ruling in July 1988, 38 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 December 2023, The Palms Estates of Highland County Inc reported income of $403k and spending of $384k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $403k (+14%), an average of +3.4% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Palms Estates of Highland County Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Delta Research Education and Development Foundation ($403k), Lake Wales Charter Schools Foundation Inc ($403k) and Scott Community College Foundation ($402k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $94k. At year end it held assets of $775k against liabilities of $1,956, net assets of $773k. It reported 9 employees.