Palm House Inc

Analysis

Palm House Inc is a registered charity in United States, based in Carson, CA. It received its IRS tax-exemption ruling in October 1979, 47 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2024, Palm House Inc reported income of $832k and spending of $810k, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $581k to $832k (+43%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Palm House Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Prostate Cancer Research Institute ($832k), Keep a Child Alive ($833k) and Protected Harbor Inc ($832k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $151k (19% of expenses). Other salaries and wages came to $306k. At year end it held assets of $699k against liabilities of $352k, net assets of $347k. It reported 13 employees.