Palmetto Animal Assisted Lifeservices
Palmetto Animal Assisted Lifeservices shows strong asset growth and no reported officer compensation, despite a recent deficit.
EIN: 208666026 · Columbia, SC · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $625K |
| Total Expenses | $509K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $1.0M |
| Transparency Score | 92/100 |
Is Palmetto Animal Assisted Lifeservices Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Palmetto Animal Assisted Lifeservices directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Palmetto Animal Assisted Lifeservices
Palmetto Animal Assisted Lifeservices (EIN: 208666026) is a nonprofit organization based in Columbia, SC, classified under NTEE code P80. The organization reported total revenue of $625K and total assets of $982K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palmetto Animal Assisted Lifeservices's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palmetto Animal Assisted Lifeservices is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $381K |
| Total Expenses | $509K |
| Surplus / Deficit | $-127,482 |
| Total Assets | $1.0M |
| Total Liabilities | $23K |
| Net Assets | $1.0M |
| Operating Margin | -33.4% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 24.3 months |
Financial Health Grade: B
In 2023, Palmetto Animal Assisted Lifeservices reported a deficit of $127K with expenses exceeding revenue, holds 24.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Palmetto Animal Assisted Lifeservices's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.9% | +19.3% | -5.2% |
| 2022 | -12.2% | +15.0% | +2.2% |
| 2021 | +43.9% | +5.1% | +24.6% |
| 2020 | +8.0% | -13.4% | +10.2% |
| 2019 | -13.9% | +9.5% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Palmetto Animal Assisted Lifeservices with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Palmetto Animal Assisted Lifeservices allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $127K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
Palmetto Animal Assisted Lifeservices reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer or compensated through non-officer roles, which is highly commendable for an organization of its size with over $600,000 in latest revenue and nearly $1 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Palmetto Animal Assisted Lifeservices's IRS 990 filings:
- Deficit in latest fiscal period (202312: Expenses $508,861 vs. Revenue $381,379)
Strengths
The following positive indicators were identified for Palmetto Animal Assisted Lifeservices:
- Consistent asset growth over the past decade (from $445,827 in 2014 to $1,029,069 in 2023)
- Zero reported officer compensation across all filings
- Very low liabilities relative to assets (e.g., $22,834 liabilities vs. $1,029,069 assets in 2023)
- History of strong revenue generation, averaging $400k-$500k annually
- Strong financial reserves with over $1 million in assets
Frequently Asked Questions about Palmetto Animal Assisted Lifeservices
Is Palmetto Animal Assisted Lifeservices a legitimate charity?
Based on AI analysis of IRS 990 filings, Palmetto Animal Assisted Lifeservices (EIN: 208666026) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Palmetto Animal Assisted Lifeservices spend its money?
Palmetto Animal Assisted Lifeservices directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Palmetto Animal Assisted Lifeservices tax-deductible?
Palmetto Animal Assisted Lifeservices is registered as a tax-exempt nonprofit (EIN: 208666026). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Palmetto Animal Assisted Lifeservices CEO make?
Palmetto Animal Assisted Lifeservices's highest-compensated officer earns $600,000 annually. The organization reported $625K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Palmetto Animal Assisted Lifeservices's spending goes to programs?
Palmetto Animal Assisted Lifeservices directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Palmetto Animal Assisted Lifeservices compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Palmetto Animal Assisted Lifeservices is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Palmetto Animal Assisted Lifeservices located?
Palmetto Animal Assisted Lifeservices is headquartered in Columbia, South Carolina and files with the IRS under EIN 208666026. It is classified under NTEE code P80.
How many years of IRS 990 filings does Palmetto Animal Assisted Lifeservices have?
Palmetto Animal Assisted Lifeservices has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $625K in total revenue.
Is Palmetto Animal Assisted Lifeservices a good charity?
Based on the available IRS 990 data, PAALS appears to be a very good charity. They demonstrate strong financial health with growing assets and minimal liabilities, and notably report 0% officer compensation, indicating a high dedication to mission over executive pay.
How has PAALS's financial health changed over time?
PAALS has shown consistent financial growth, with assets increasing from $445,827 in 2014 to over $1 million in 2023. While there was a deficit in 2023 (expenses of $508,861 against revenue of $381,379), this follows several years of surpluses and overall asset accumulation.
What is PAALS's approach to executive compensation?
PAALS reports 0% officer compensation in all available filings, which is an exceptional indicator of their commitment to directing funds towards their mission rather than high executive salaries.
Are PAALS's liabilities a concern?
No, PAALS's liabilities are consistently very low, typically under 5% of their total assets (e.g., $22,834 in liabilities against $1,029,069 in assets in 2023), indicating a very healthy balance sheet and low debt burden.
Did PAALS experience a financial setback in 2023?
Yes, in 2023, PAALS reported expenses of $508,861 against revenue of $381,379, resulting in a deficit. However, their assets still remained over $1 million, suggesting they have reserves to absorb such fluctuations.
Filing History
IRS 990 filing history for Palmetto Animal Assisted Lifeservices showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Palmetto Animal Assisted Lifeservices's revenue has grown by 93.1%, moving from $198K to $381K. Total assets increased by 610.2% over the same period, from $145K to $1.0M. Total functional expenses rose by 293%, from $129K to $509K. In its most recent filing year (2023), Palmetto Animal Assisted Lifeservices reported a deficit of $127K, with expenses exceeding revenue. The organization holds $23K in liabilities against $1.0M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $381K | $509K | $1.0M | $23K | — | — |
| 2022 | $521K | $426K | $1.1M | $16K | — | View 990 |
| 2021 | $594K | $371K | $1.1M | $12K | — | View 990 |
| 2020 | $413K | $353K | $852K | $52K | — | — |
| 2019 | $382K | $407K | $773K | $33K | — | View 990 |
| 2018 | $444K | $372K | $712K | $30K | — | View 990 |
| 2017 | $497K | $342K | $621K | $10K | — | View 990 |
| 2016 | $307K | $333K | $461K | $5K | — | View 990 |
| 2015 | $436K | $335K | $488K | $7K | — | View 990 |
| 2014 | $456K | $225K | $446K | $4K | — | View 990 |
| 2013 | $274K | $197K | $212K | $2K | — | View 990 |
| 2012 | $183K | $192K | $137K | $3K | — | View 990 |
| 2011 | $198K | $129K | $145K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $381K, expenses of $509K, and assets of $1.0M (revenue -26.9% year-over-year).
- 2022: Revenue of $521K, expenses of $426K, and assets of $1.1M (revenue -12.2% year-over-year).
- 2021: Revenue of $594K, expenses of $371K, and assets of $1.1M (revenue +43.9% year-over-year).
- 2020: Revenue of $413K, expenses of $353K, and assets of $852K (revenue +8.0% year-over-year).
- 2019: Revenue of $382K, expenses of $407K, and assets of $773K (revenue -13.9% year-over-year).
- 2018: Revenue of $444K, expenses of $372K, and assets of $712K (revenue -10.7% year-over-year).
- 2017: Revenue of $497K, expenses of $342K, and assets of $621K (revenue +61.9% year-over-year).
- 2016: Revenue of $307K, expenses of $333K, and assets of $461K (revenue -29.6% year-over-year).
- 2015: Revenue of $436K, expenses of $335K, and assets of $488K (revenue -4.4% year-over-year).
- 2014: Revenue of $456K, expenses of $225K, and assets of $446K (revenue +66.8% year-over-year).
- 2013: Revenue of $274K, expenses of $197K, and assets of $212K (revenue +49.7% year-over-year).
- 2012: Revenue of $183K, expenses of $192K, and assets of $137K (revenue -7.4% year-over-year).
- 2011: Revenue of $198K, expenses of $129K, and assets of $145K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palmetto Animal Assisted Lifeservices:
Data Sources and Methodology
This transparency report for Palmetto Animal Assisted Lifeservices is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.