Palmetto Achievement Center for Exc Ellence Academy Inc

Analysis

Palmetto Achievement Center for Exc Ellence Academy Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in August 2020, 6 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 2023, Palmetto Achievement Center for Exc Ellence Academy Inc reported income of $3.9m and spending of $3.8m, spending 97% of its income. The sharpest change came in the year to June 2022, when income rose by 828%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palmetto Achievement Center for Exc Ellence Academy Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Operating Engineers Local 841 Apprenticeship and Training Trust ($3.9m), Ravalli Head Start Inc ($3.9m) and Mesivta of Clifton ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $6.5m against liabilities of $6.6m, net assets of -$126k. It reported 64 employees.