Economic Council of Palm Beach County Foundation Inc

Analysis

Economic Council of Palm Beach County Foundation Inc is a registered charity in United States, based in Palm BCH GDNS, FL. It received its IRS tax-exemption ruling in June 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 December 2023, Economic Council of Palm Beach County Foundation Inc reported income of $148k and spending of $135k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $197k to $148k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Economic Council of Palm Beach County Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Mayapple School ($148k), Happy Valley School Inc ($148k) and Hope Academy for Dyslexia ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $102k against liabilities of $17k, net assets of $85k. It reported 1 employees.