Palm Beach Habilitation Center Inc

Analysis

Palm Beach Habilitation Center Inc is a registered charity in United States, based in Palm Springs, FL. It received its IRS tax-exemption ruling in September 1968, 58 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2022, Palm Beach Habilitation Center Inc reported income of $6.7m and spending of $5.8m, spending 87% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $7.0m to $6.7m (-5.2%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Palm Beach Habilitation Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include North Central Sheltered Workshop ($6.6m), Michigan Community Capital ($6.7m) and Citrus Levy Marion Regional Workforce Development Board Inc ($6.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 82% and program service revenue 17% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $5.9m against liabilities of $1.1m, net assets of $4.8m.