Palmetto Foundation for Prevention and Recovery Inc

Analysis

Palmetto Foundation for Prevention and Recovery Inc is a registered charity in United States, based in Chapin, SC. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2022, Palmetto Foundation for Prevention and Recovery Inc reported income of $362k and spending of $135k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $256k to $362k (+41%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 43% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Palmetto Foundation for Prevention and Recovery Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include The Institute of Urban Living ($362k), Eyota Volunteer Ambulance Service ($362k) and Presbyterian Eye Ear & Throat Charity Hospital Inc ($362k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $37k (27% of expenses). At year end it held assets of $361k against liabilities of $0, net assets of $361k.