Palm Beach Photographic Centre Inc

Analysis

Palm Beach Photographic Centre Inc is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Palm Beach Photographic Centre Inc reported income of $951k and spending of $1.1m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $951k (-9.2%), an average of -2.4% a year. The sharpest change came in the year to September 2022, when income rose by 15%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palm Beach Photographic Centre Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include NC History Center on the Civil War Emancipation & Reconstruction ($951k), Museum of Appalachia ($951k) and Center for Communication Inc ($951k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $157k (14% of expenses). At year end it held assets of $701k against liabilities of $91k, net assets of $609k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.