The Palmetto Palace
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 21,861 | 187,039 | −165,178 | 0.1 | 61% |
| 2021 | 943,665 | 522,614 | 421,051 | 0.0 | 81% |
| 2022 | 669,555 | 529,444 | 140,111 | 2.0 | 65% |
| 2023 | 884,307 | 713,895 | 170,412 | 3.8 | 62% |
In its most recent public year (2023), this organization brought in $170,412 more than it spent. Its reserves stood at about 3.8 months of spending, up from 0.1 in 2020. Staff pay was 62% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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