Palmetto Center For Policyalternatives Inc
Palmetto Center For Policyalternatives Inc faces volatile revenue and frequent operating deficits.
EIN: 205985233 · Columbia, SC · NTEE: W24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $100K |
| Total Expenses | $101K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100,000. |
| Net Assets | $159K |
| Transparency Score | 65/100 |
Is Palmetto Center For Policyalternatives Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Palmetto Center For Policyalternatives Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Palmetto Center For Policyalternatives Inc
Palmetto Center For Policyalternatives Inc (EIN: 205985233) is a nonprofit organization based in Columbia, SC, classified under NTEE code W24. The organization reported total revenue of $100K and total assets of $159K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palmetto Center For Policyalternatives Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palmetto Center For Policyalternatives Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $101K |
| Surplus / Deficit | $-1,321 |
| Total Assets | $159K |
| Net Assets | $159K |
| Operating Margin | -1.3% |
| Months of Reserves | 18.8 months |
Financial Health Grade: B
In 2023, Palmetto Center For Policyalternatives Inc reported a deficit of $1K with expenses exceeding revenue, holds 18.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Palmetto Center For Policyalternatives Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.8% | -13.8% | -0.8% |
| 2022 | +1556.9% | -3.4% | +43.4% |
| 2021 | -93.9% | +24.9% | -50.0% |
| 2020 | +14.7% | +1.5% | +42.9% |
| 2019 | +628.2% | -10.9% | +43.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Center For Policyalternatives Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Palmetto Center For Policyalternatives Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $1K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with annual expenses often exceeding $100,000.
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 Center For Policyalternatives Inc's IRS 990 filings:
- Highly volatile revenue, with swings from $10,023 to $166,069 in consecutive years.
- Frequent operating deficits, with expenses exceeding revenue in multiple periods (e.g., 2023, 2021, 2018, 2014).
- Unusually low (0%) reported officer compensation for an organization with over $100,000 in annual expenses.
Strengths
The following positive indicators were identified for Palmetto Center For Policyalternatives Inc:
- Consistently maintains zero liabilities, indicating strong debt management.
- Positive asset balance maintained despite revenue volatility and deficits.
- Consistent reporting of 0% officer compensation, suggesting a focus on minimizing executive overhead.
Frequently Asked Questions about Palmetto Center For Policyalternatives Inc
Is Palmetto Center For Policyalternatives Inc a legitimate charity?
Palmetto Center For Policyalternatives Inc (EIN: 205985233) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $100K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Palmetto Center For Policyalternatives Inc spend its money?
Palmetto Center For Policyalternatives Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Palmetto Center For Policyalternatives Inc tax-deductible?
Palmetto Center For Policyalternatives Inc is registered as a tax-exempt nonprofit (EIN: 205985233). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Palmetto Center For Policyalternatives Inc CEO make?
Palmetto Center For Policyalternatives Inc's highest-compensated officer earns $100,000. annually. The organization reported $100K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Palmetto Center For Policyalternatives Inc's spending goes to programs?
Palmetto Center For Policyalternatives Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Palmetto Center For Policyalternatives Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Palmetto Center For Policyalternatives Inc is above average for NTEE category W24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Palmetto Center For Policyalternatives Inc located?
Palmetto Center For Policyalternatives Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 205985233. It is classified under NTEE code W24.
How many years of IRS 990 filings does Palmetto Center For Policyalternatives Inc have?
Palmetto Center For Policyalternatives Inc 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 $100K in total revenue.
How does Palmetto Center For Policyalternatives Inc sustain operations with such volatile revenue and frequent deficits?
The organization appears to draw upon its asset reserves to cover expenses when revenue falls short, as seen in 2021 where $10,023 in revenue was significantly less than $121,761 in expenses, yet assets remained positive.
What is the primary source of the organization's funding given the significant fluctuations?
The provided data does not specify the funding sources, but the extreme volatility suggests reliance on grants, large individual donations, or project-specific funding that can vary significantly year-to-year.
Is the 0% officer compensation sustainable for long-term leadership?
While admirable for minimizing overhead, 0% officer compensation could indicate a reliance on volunteer leadership or officers compensated through other entities, which might not be sustainable or fully transparent in the long run for an organization of this size.
Filing History
IRS 990 filing history for Palmetto Center For Policyalternatives Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Palmetto Center For Policyalternatives Inc's revenue has grown by 351.1%, moving from $22K to $100K. Total assets increased by 437.9% over the same period, from $30K to $159K. Total functional expenses rose by 483.4%, from $17K to $101K. In its most recent filing year (2023), Palmetto Center For Policyalternatives Inc reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $101K | $159K | $0 | — | — |
| 2022 | $166K | $118K | $160K | $0 | — | View 990 |
| 2021 | $10K | $122K | $112K | $0 | — | View 990 |
| 2020 | $165K | $97K | $224K | $0 | — | — |
| 2019 | $143K | $96K | $156K | $0 | — | — |
| 2018 | $20K | $108K | $109K | $0 | — | View 990 |
| 2017 | $164K | $106K | $218K | $0 | — | View 990 |
| 2016 | $159K | $84K | $160K | $0 | — | View 990 |
| 2015 | $164K | $101K | $84K | $0 | — | View 990 |
| 2014 | $19K | $31K | $21K | $0 | — | View 990 |
| 2013 | $27K | $23K | $33K | $0 | — | View 990 |
| 2012 | $32K | $32K | $30K | $0 | — | View 990 |
| 2011 | $22K | $17K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $101K, and assets of $159K (revenue -39.8% year-over-year).
- 2022: Revenue of $166K, expenses of $118K, and assets of $160K (revenue +1556.9% year-over-year).
- 2021: Revenue of $10K, expenses of $122K, and assets of $112K (revenue -93.9% year-over-year).
- 2020: Revenue of $165K, expenses of $97K, and assets of $224K (revenue +14.7% year-over-year).
- 2019: Revenue of $143K, expenses of $96K, and assets of $156K (revenue +628.2% year-over-year).
- 2018: Revenue of $20K, expenses of $108K, and assets of $109K (revenue -88.0% year-over-year).
- 2017: Revenue of $164K, expenses of $106K, and assets of $218K (revenue +2.8% year-over-year).
- 2016: Revenue of $159K, expenses of $84K, and assets of $160K (revenue -3.1% year-over-year).
- 2015: Revenue of $164K, expenses of $101K, and assets of $84K (revenue +777.6% year-over-year).
- 2014: Revenue of $19K, expenses of $31K, and assets of $21K (revenue -30.0% year-over-year).
- 2013: Revenue of $27K, expenses of $23K, and assets of $33K (revenue -15.5% year-over-year).
- 2012: Revenue of $32K, expenses of $32K, and assets of $30K (revenue +42.9% year-over-year).
- 2011: Revenue of $22K, expenses of $17K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palmetto Center For Policyalternatives Inc:
Data Sources and Methodology
This transparency report for Palmetto Center For Policyalternatives Inc 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.