Palm Beach Harvest Inc

Analysis

Palm Beach Harvest Inc is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Harvest Inc reported income of $350k and spending of $350k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $350k (+197%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 558%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palm Beach Harvest Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Centro de Servicios Comunitarios Vida Plena ($350k), Project Belong Va ($350k) and Footprints of the Son Inc ($350k).

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 $60k. It paid $5,597 in professional fundraising fees. At year end it held assets of $50k against liabilities of $0, net assets of $50k.