Palm Bay Municipal Foundation Inc

Analysis

Palm Bay Municipal Foundation Inc is a registered charity in United States, based in Palm Bay, FL. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover human services, 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 September 2023, Palm Bay Municipal Foundation Inc reported income of $66k and spending of $21k, leaving 69% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $62k to $66k (+6.0%), an average of +6.0% a year. Over the whole period it spent 36% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palm Bay Municipal Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Linkstl Inc ($66k), Greenway Snowmobile Club Inc ($66k) and Dunmore Senior Citizens Center Inc ($66k).

At year end it held assets of $113k against liabilities of $0, net assets of $113k.