Palmetto Literacy Council

Analysis

Palmetto Literacy Council is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in July 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, Palmetto Literacy Council reported income of $83k and spending of $64k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $83k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palmetto Literacy Council sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 38th percentile within SC. Charities of a similar size with the same main cause include Institute for the Psychoanalytic Study of Subjectivity ($83k), Rise Institute Inc ($83k) and Bluefields Environmental Protection Association ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $62k against liabilities of $3,771, net assets of $59k.