Palabra Publications Inc

Analysis

Palabra Publications Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Palabra Publications Inc reported income of $289k and spending of $320k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $289k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income dropped by 29%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Palabra Publications Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Living Water Christian Ministries Inc ($289k), Preparing the Way Ministries Inc ($289k) and Shree Sai Gurdev Datta Mandir ($289k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $269k against liabilities of $13k, net assets of $256k.

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.