Foundation for the Church of the Palms Presbyterian USA Inc

Analysis

Foundation for the Church of the Palms Presbyterian USA Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for the Church of the Palms Presbyterian USA Inc reported income of $627k and spending of $418k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $521k to $627k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 90%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for the Church of the Palms Presbyterian USA 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 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Old Dominion Aquatic Club Incorporated ($627k), Ensign Peak Foundation ($627k) and Pro Life of Navarro County ($627k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $8.9m against liabilities of $0, net assets of $8.9m.