Palmtrail Inc

Analysis

Palmtrail Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Palmtrail Inc reported income of $334k and spending of $287k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $412k to $334k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmtrail Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Greater Glens Falls Senior Citizen Center Inc ($334k), Latinas Latinos Al Exito Inc ($334k) and H O P E Equestrian Center ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $51k (18% of expenses). At year end it held assets of $2.7m against liabilities of $684k, net assets of $2.0m. It reported 3 employees.