Friends of Palms Middle School

Analysis

Friends of Palms Middle School is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2023, Friends of Palms Middle School reported income of $57k and spending of $53k, spending 92% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $50k to $57k (+16%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Palms Middle School sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include City Club of Hammond Inc ($57k), Monument Senior Citizens ($57k) and Rotary Club of Chicago O Hare Foundation ($57k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $207k against liabilities of $0, net assets of $207k.