Palmetto High School Athletic Booster Club Inc

Analysis

Palmetto High School Athletic Booster Club Inc is a registered charity in United States, based in Palmetto, FL. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Palmetto High School Athletic Booster Club Inc reported income of $88k and spending of $92k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2024, income fell from $101k to $88k (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2023, when income dropped by 45%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palmetto High School Athletic Booster Club 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 34th percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Walton High School Cinder Club Inc ($88k), Watertown Mayer Education Foundation Inc ($88k) and Hibernian Society of Baltimore ($88k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.

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.