Palmetto Business Forum
EIN: 570620173 · Columbia, SC
| Metric | Value |
|---|---|
| Total Revenue | $132K |
| Total Expenses | $116K |
| Net Assets | $30K |
Is Palmetto Business Forum Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Palmetto Business Forum
Palmetto Business Forum (EIN: 570620173) is a nonprofit organization based in Columbia, SC. The organization reported total revenue of $132K and total assets of $64K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palmetto Business Forum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palmetto Business Forum is a small nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $132K |
| Total Expenses | $116K |
| Surplus / Deficit | +$16K |
| Total Assets | $38K |
| Total Liabilities | $8K |
| Net Assets | $30K |
| Operating Margin | 11.8% |
| Debt-to-Asset Ratio | 21.1% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2024, Palmetto Business Forum reported a surplus of $16K with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 21.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Palmetto Business Forum's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1220.0% | +6.6% | +69.4% |
| 2023 | -93.8% | +14.6% | -81.5% |
| 2022 | +700.0% | -4.3% | +113.8% |
| 2021 | -87.5% | -0.5% | -58.3% |
| 2020 | +255.6% | -34.0% | +64.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Palmetto Business Forum 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 Business Forum 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.1%.
Frequently Asked Questions about Palmetto Business Forum
Is Palmetto Business Forum a legitimate charity?
Palmetto Business Forum (EIN: 570620173) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $132K. No red flags identified. Financial health grade: A.
How does Palmetto Business Forum spend its money?
Palmetto Business Forum reported $132K 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 Business Forum tax-deductible?
Palmetto Business Forum is registered as a tax-exempt nonprofit (EIN: 570620173). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Palmetto Business Forum located?
Palmetto Business Forum is headquartered in Columbia, South Carolina and files with the IRS under EIN 570620173.
How many years of IRS 990 filings does Palmetto Business Forum have?
Palmetto Business Forum 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 $132K in total revenue.
Filing History
IRS 990 filing history for Palmetto Business Forum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Palmetto Business Forum's revenue has declined by 25%, moving from $176K to $132K. Total assets decreased by 75.2% over the same period, from $154K to $38K. Total functional expenses rose by 34.5%, from $87K to $116K. In its most recent filing year (2024), Palmetto Business Forum reported a surplus of $16K, with revenue exceeding expenses. The organization holds $8K in liabilities against $38K in assets (debt-to-asset ratio: 21.1%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $132K | $116K | $38K | $8K | — | — |
| 2023 | $10K | $109K | $22K | $8K | — | View 990 |
| 2022 | $160K | $95K | $122K | $8K | — | View 990 |
| 2021 | $20K | $100K | $57K | $8K | — | — |
| 2020 | $160K | $100K | $136K | $8K | — | View 990 |
| 2019 | $45K | $152K | $83K | $14K | — | View 990 |
| 2018 | $148K | $97K | $183K | $7K | — | View 990 |
| 2017 | $188K | $196K | $139K | $14K | — | View 990 |
| 2016 | $15K | $115K | $141K | $7K | — | View 990 |
| 2015 | $180K | $118K | $245K | $10K | — | View 990 |
| 2014 | $180K | $90K | $179K | $7K | — | View 990 |
| 2013 | $30K | $95K | $89K | $7K | — | View 990 |
| 2012 | $176K | $87K | $154K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $132K, expenses of $116K, and assets of $38K (revenue +1220.0% year-over-year).
- 2023: Revenue of $10K, expenses of $109K, and assets of $22K (revenue -93.8% year-over-year).
- 2022: Revenue of $160K, expenses of $95K, and assets of $122K (revenue +700.0% year-over-year).
- 2021: Revenue of $20K, expenses of $100K, and assets of $57K (revenue -87.5% year-over-year).
- 2020: Revenue of $160K, expenses of $100K, and assets of $136K (revenue +255.6% year-over-year).
- 2019: Revenue of $45K, expenses of $152K, and assets of $83K (revenue -69.5% year-over-year).
- 2018: Revenue of $148K, expenses of $97K, and assets of $183K (revenue -21.3% year-over-year).
- 2017: Revenue of $188K, expenses of $196K, and assets of $139K (revenue +1150.0% year-over-year).
- 2016: Revenue of $15K, expenses of $115K, and assets of $141K (revenue -91.7% year-over-year).
- 2015: Revenue of $180K, expenses of $118K, and assets of $245K (revenue +-0.0% year-over-year).
- 2014: Revenue of $180K, expenses of $90K, and assets of $179K (revenue +499.9% year-over-year).
- 2013: Revenue of $30K, expenses of $95K, and assets of $89K (revenue -83.0% year-over-year).
- 2012: Revenue of $176K, expenses of $87K, and assets of $154K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palmetto Business Forum:
Data Sources and Methodology
This transparency report for Palmetto Business Forum 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.