Palmetto Front Line Foundation

Analysis

Palmetto Front Line Foundation is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 October 2023, Palmetto Front Line Foundation reported income of $347k and spending of $241k, leaving 31% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $319k to $347k (+8.9%), an average of +2.2% a year. The sharpest change came in the year to October 2021, when income rose by 179%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmetto Front Line Foundation sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Rim Country Senior Center ($347k), Arc Housing Inc ($347k) and Ship Bottom Volunteer Fire Co 1 Inc ($347k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $100k (41% of expenses). Other salaries and wages came to $46k. At year end it held assets of $760k against liabilities of $0, net assets of $760k. It reported 3 employees.