Palmer College of Chiropratic- West

Analysis

Palmer College of Chiropratic- West is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 1979, 47 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Palmer College of Chiropratic- West reported income of $9.7m and spending of $9.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.4m to $9.7m (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmer College of Chiropratic- West sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Wonderland Educational Estate Association ($9.7m), Hanahauoli School ($9.7m) and Lost Tree Village Charitable Foundation Inc ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 95% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $18.5m against liabilities of $3.9m, net assets of $14.6m. It reported 145 employees.