Palmetto Promise Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,545 | 13,441 | −5,896 | 8.1 | — |
| 2012 | 62,804 | 43,535 | 19,269 | 7.8 | — |
| 2013 | 514,953 | 436,084 | 78,869 | 3.0 | 42% |
| 2014 | 356,125 | 385,957 | −29,832 | 2.4 | 47% |
| 2015 | 490,432 | 464,360 | 26,072 | 2.7 | 54% |
| 2016 | 551,452 | 460,257 | 91,195 | 5.1 | 54% |
| 2017 | 473,510 | 525,804 | −52,294 | 3.3 | 56% |
| 2018 | 560,539 | 505,612 | 54,927 | 4.8 | 43% |
| 2019 | 645,195 | 538,459 | 106,736 | 6.8 | 53% |
| 2020 | 560,359 | 544,390 | 15,969 | 7.0 | 56% |
| 2021 | 465,796 | 528,153 | −62,357 | 6.2 | 58% |
| 2022 | 597,131 | 669,588 | −72,457 | 3.9 | 46% |
| 2023 | 640,125 | 530,245 | 109,880 | 7.5 | 55% |
In its most recent public year (2023), this organization brought in $109,880 more than it spent. Its reserves stood at about 7.5 months of spending. Staff pay was 55% 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
Palmetto Promise Institute's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works