Palacios Area Historical Association

Analysis

Palacios Area Historical Association is a registered charity in United States, based in Palacios, TX. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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, Palacios Area Historical Association reported income of $165k and spending of $213k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $165k (+106%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 156%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palacios Area Historical Association sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Friends of Concord Carlisle Football Inc ($165k), Schrage Christian Mission ($165k) and Foundation of the Greater New Haven Chamber of Commerce Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 9.2% of the total. Other salaries and wages came to $109k. At year end it held assets of $485k against liabilities of $3,277, net assets of $482k. It reported 4 employees.