Palacios Recreation Association Inc

Analysis

Palacios Recreation Association Inc is a registered charity in United States, based in Palacios, TX. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Palacios Recreation Association Inc reported income of $77k and spending of $61k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $77k (+8.4%), an average of +8.4% a year. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Palacios Recreation Association Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Police Athletic League Inc of Allentown Pa ($77k), Center Ice Club Foundation Inc ($77k) and Greater New Orleans District Senior Olympics ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.