Palcare

Analysis

Palcare is a registered charity in United States, based in Burlingame, CA. It received its IRS tax-exemption ruling in August 1993, 33 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 June 2023, Palcare reported income of $4.0m and spending of $4.2m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $4.0m (+5.4%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palcare sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Lincoln Home ($4.0m), Global Resilient Cities Network ($4.0m) and Washita Valley Community Action Council ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $205k (4.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.5m against liabilities of $2.1m, net assets of $2.4m. It reported 51 employees.