Palos Verdes on the Net

Analysis

Palos Verdes on the Net is a registered charity in United States, based in RLLNG HLS Est, CA. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Palos Verdes on the Net reported income of $170k and spending of $206k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $357k to $170k (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palos Verdes on the Net sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Wsna Scholarship and Research Charitable Fund ($170k), Refine Learning Center II Inc ($170k) and JHS Athletic Booster Club ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $88k against liabilities of $565k, net assets of -$477k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.