Royal Palm Ministries Inc

Analysis

Royal Palm Ministries Inc is a registered charity in United States, based in N Ft Myers, FL. It received its IRS tax-exemption ruling in September 1987, 39 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, Royal Palm Ministries Inc reported income of $85k and spending of $85k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $85k (+8.1%), an average of +8.1% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Royal Palm Ministries Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Spokane Kiwanis Charities ($85k), Master Singers of Milwaukee Inc ($85k) and Stow Community Chest Incorporated ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.