Palm Beach First Responders Foundation Inc

Analysis

Palm Beach First Responders Foundation Inc is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Palm Beach First Responders Foundation Inc reported income of $650k and spending of $683k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $550k to $650k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Palm Beach First Responders Foundation 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 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Trafalgar Volunteer Firemen Inc ($649k), Bike Walk Central Florida Inc ($650k) and Yadkinville Volunteer Fire Department Inc ($648k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $22k against liabilities of $15k, net assets of $7,350.