Palm Valley School

Analysis

Palm Valley School is a registered charity in United States, based in Rancho Mirage, CA. It received its IRS tax-exemption ruling in November 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Palm Valley School reported income of $7.0m and spending of $7.9m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.3m to $7.0m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palm Valley School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Promesa Academy Inc ($7.0m), Clayton State University Foundation Inc ($7.0m) and Dugger Union Community Schools ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $458k (5.8% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $13.6m against liabilities of $7.9m, net assets of $5.7m. It reported 96 employees.