Greater Palm Springs Tourism Foundation

Analysis

Greater Palm Springs Tourism Foundation is a registered charity in United States, based in Rancho Mirage, CA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Greater Palm Springs Tourism Foundation reported income of $845k and spending of $314k, leaving 63% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $691k to $845k (+22%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater Palm Springs Tourism Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Foundation for Lovejoy Schools ($845k), Open Wings Learning Community Inc ($845k) and Friendship Access to Clinical Therapeutic Services ($845k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.