Palmetto Raiders Youth Development Club Inc

Analysis

Palmetto Raiders Youth Development Club Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 2018, 8 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Palmetto Raiders Youth Development Club Inc reported income of $57k and spending of $64k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $70k to $57k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 493%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmetto Raiders Youth Development Club Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include South Mecklenburg Band Aides ($57k), PTA Alabama Congress ($57k) and Complete International ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.