Palmetto Boys State
EIN: 576021005 · Spartanburg, SC · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $602K |
| Total Expenses | $511K |
| Net Assets | $48K |
Is Palmetto Boys State Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Palmetto Boys State
Palmetto Boys State (EIN: 576021005) is a nonprofit organization based in Spartanburg, SC, classified under NTEE code O50. The organization reported total revenue of $602K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palmetto Boys State's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palmetto Boys State is a small nonprofit that has been operating for 9 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $523K |
| Total Expenses | $511K |
| Surplus / Deficit | +$11K |
| Total Assets | $48K |
| Net Assets | $48K |
| Operating Margin | 2.2% |
| Months of Reserves | 1.1 months |
Financial Health Grade: A
In 2023, Palmetto Boys State reported a surplus of $11K with revenue exceeding expenses, holds 1.1 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Palmetto Boys State's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.1% | +22.2% | +31.2% |
| 2022 | +36.3% | +42.0% | +8.4% |
| 2021 | +770.7% | +484.1% | +75.3% |
| 2020 | -93.1% | -90.5% | -43.9% |
| 2019 | +5.8% | +15.2% | -31.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1350 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Palmetto Boys State has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Palmetto Boys State with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
Frequently Asked Questions about Palmetto Boys State
Is Palmetto Boys State a legitimate charity?
Palmetto Boys State (EIN: 576021005) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $602K. No red flags identified. Financial health grade: A.
How does Palmetto Boys State spend its money?
Palmetto Boys State reported $602K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Palmetto Boys State tax-deductible?
Palmetto Boys State is registered as a tax-exempt nonprofit (EIN: 576021005). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Palmetto Boys State located?
Palmetto Boys State is headquartered in Spartanburg, South Carolina and files with the IRS under EIN 576021005. It is classified under NTEE code O50.
How many years of IRS 990 filings does Palmetto Boys State have?
Palmetto Boys State 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 $602K in total revenue.
Filing History
IRS 990 filing history for Palmetto Boys State showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Palmetto Boys State's revenue has grown by 50.9%, moving from $346K to $523K. Total assets increased by 17.1% over the same period, from $41K to $48K. Total functional expenses rose by 51.5%, from $338K to $511K. In its most recent filing year (2023), Palmetto Boys State reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $523K | $511K | $48K | $0 | — | — |
| 2022 | $421K | $418K | $36K | $0 | — | View 990 |
| 2021 | $309K | $295K | $34K | $0 | — | View 990 |
| 2020 | $35K | $50K | $19K | $0 | — | — |
| 2019 | $517K | $533K | $34K | $0 | — | View 990 |
| 2018 | $489K | $462K | $50K | $0 | — | View 990 |
| 2017 | $467K | $484K | $23K | $0 | — | View 990 |
| 2016 | $451K | $473K | $41K | $0 | — | View 990 |
| 2015 | $455K | $448K | $63K | $0 | — | View 990 |
| 2014 | $420K | $383K | $56K | $0 | — | View 990 |
| 2013 | $363K | $374K | $19K | $0 | — | View 990 |
| 2012 | $314K | $325K | $30K | $0 | — | View 990 |
| 2011 | $346K | $338K | $41K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $523K, expenses of $511K, and assets of $48K (revenue +24.1% year-over-year).
- 2022: Revenue of $421K, expenses of $418K, and assets of $36K (revenue +36.3% year-over-year).
- 2021: Revenue of $309K, expenses of $295K, and assets of $34K (revenue +770.7% year-over-year).
- 2020: Revenue of $35K, expenses of $50K, and assets of $19K (revenue -93.1% year-over-year).
- 2019: Revenue of $517K, expenses of $533K, and assets of $34K (revenue +5.8% year-over-year).
- 2018: Revenue of $489K, expenses of $462K, and assets of $50K (revenue +4.8% year-over-year).
- 2017: Revenue of $467K, expenses of $484K, and assets of $23K (revenue +3.4% year-over-year).
- 2016: Revenue of $451K, expenses of $473K, and assets of $41K (revenue -0.7% year-over-year).
- 2015: Revenue of $455K, expenses of $448K, and assets of $63K (revenue +8.4% year-over-year).
- 2014: Revenue of $420K, expenses of $383K, and assets of $56K (revenue +15.6% year-over-year).
- 2013: Revenue of $363K, expenses of $374K, and assets of $19K (revenue +15.5% year-over-year).
- 2012: Revenue of $314K, expenses of $325K, and assets of $30K (revenue -9.2% year-over-year).
- 2011: Revenue of $346K, expenses of $338K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palmetto Boys State:
Data Sources and Methodology
This transparency report for Palmetto Boys State 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.