Prime Time Palm Beach County Inc

Analysis

Prime Time Palm Beach County Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Prime Time Palm Beach County Inc reported income of $9.0m and spending of $9.2m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.9m to $9.0m (+14%), an average of +3.4% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prime Time Palm Beach County 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 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Ccar Industries ($9.0m), Glove House Inc ($9.0m) and Boysville Inc ($9.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $342k (3.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.6m against liabilities of $605k, net assets of $1000k. It reported 38 employees.

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.