Khatib Bridge and Education of Palm City Inc

Analysis

Khatib Bridge and Education of Palm City Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in November 2012, 14 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, Khatib Bridge and Education of Palm City Inc reported income of $146k and spending of $171k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $209k to $146k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Khatib Bridge and Education of Palm City Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Kids Xplore Inc ($146k), Friends of Ravenswood School ($146k) and The@makerbarn ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $12k (7.0% of expenses). At year end it held assets of $404k against liabilities of $244k, net assets of $160k. It reported 2 employees.