Overview

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Est.

1992

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

THE PALMAS ACADEMY INC is dedicated to providing educational services to approximately 506 students from pre-K to 12th grade, focusing on elementary and secondary education. With an operating budget of $5.8 million and total revenue of $5.4 million for the 2024 filing year, the organization receives significant support from funders including FIDELITY INVESTMENTS CHARITABLE GIFT FUND and DONOR ADVISED CHARITABLE GIVING INC, among others. The organization does not rely on any single funder for 50% or more of its revenue.

Mission Statement

EDUCATIONAL SERVICES TO APPROX. 506 STUDENTS FROM PRE-K TO 12TH GRADE. SEE GENERAL FOOTNOTE ATTACHED.
Revenues
$5.4M
Expenses
$5.8M
Net Income:
-$386K
Assets
$10.7M
Liabilities
$8.6M
Net Assets:
+$2.1M
Operating Budget
$5.8M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
3
Median grant size
$6.3K
Largest grant received
$110K
T
Tyson Hendricksen
Board Member
D
David Hurwitz
Board Member
J
Jason Maddox
Board Member

Frequently Asked Questions

What is THE PALMAS ACADEMY INC’s budget?
In 2024, THE PALMAS ACADEMY INC reported an annual operating budget of around $5.8 million. More detailed financial information is available to registered users.
What causes does THE PALMAS ACADEMY INC support?
THE PALMAS ACADEMY INC supports work in Elementary and secondary education.
Where does THE PALMAS ACADEMY INC operate?
THE PALMAS ACADEMY INC is headquartered in HUMACAO.
Who funded THE PALMAS ACADEMY INC recently?
In 2024, THE PALMAS ACADEMY INC received grants from HURWITZ FAMILY FOUNDATION, FIDELITY INVESTMENTS CHARITABLE GIFT FUND, and DONOR ADVISED CHARITABLE GIVING INC. More information on this organization’s funders is available to registered users.
What is the largest grant THE PALMAS ACADEMY INC received in 2024?
The largest grant to THE PALMAS ACADEMY INC in 2024 exceeds $110 thousand.
What is THE PALMAS ACADEMY INC’s reliance on government grants?
THE PALMAS ACADEMY INC relied on government grants for less than 5% of their total revenue in 2024.