Palisades Village

Analysis

Palisades Village is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Palisades Village reported income of $314k and spending of $239k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $314k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palisades Village sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 36th percentile within DC. Charities of a similar size with the same main cause include Wayfare Labs ($314k), White Heart Foundation ($314k) and Hope for Grateful Hearts Corp ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $74k (31% of expenses). Other salaries and wages came to $56k. At year end it held assets of $869k against liabilities of $75k, net assets of $794k. It reported 2 employees.