Royal Palm Charter School

Analysis

Royal Palm Charter School is a registered charity in United States, based in Palm Bay, FL. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Royal Palm Charter School reported income of $3.9m and spending of $3.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.9m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Royal Palm Charter School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Alamance Partnership for Children ($3.9m), Tri-County Scholarship Fund ($3.9m) and Unc Law Foundation Inc Van Hecke- Wettach Cd3380 ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $4.6m against liabilities of $3.0m, net assets of $1.6m. It reported 59 employees.