Palm Tree Academy

Analysis

Palm Tree Academy is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Palm Tree Academy reported income of $186k and spending of $203k, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $246k to $186k (-24%), an average of -6.8% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palm Tree Academy sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Cisd Educational Support Groups Inc ($186k), Friends of Mishkan David ($186k) and Zia Family Focus Center Inc ($186k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $27k (13% of expenses). Other salaries and wages came to $106k. At year end it held assets of $30k against liabilities of $15k, net assets of $15k. It reported 10 employees.