BEducationEIN: 263245679· Ruling Year: 2010

Palmetto Academy Of Learning And Success Inc

Myrtle Beach, South Carolina

DHealth Score
34D

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Poor

How This Organization Compares

Compared to 4 peers in Education with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org-1.36×
Peer Median20.77×
💰
$3.7M
Total Revenue
📊
$4.0M
Total Expenses
🏦
-$5.4M
Net Assets
📋
$12.8M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+5.0%
Year-over-year change (2022 → 2023)
Net Margin
-9.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
-1.36
Net assets divided by total expenses
Liabilities-to-Assets
174.1%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$3,665,2035%$4,004,29412%$7,346,296
2022$3,491,6174%$3,562,60213%$7,314,3984%
2021$3,364,37511%$3,163,6687%$7,592,7293%
2020$3,033,9913%$3,417,7192%$7,861,231
2019$2,938,5003%$3,475,89113%$7,894,5394%
2018$2,854,3212%$3,085,7568%$7,627,5244%
2017$2,906,3732%$3,364,75310%$7,938,619481%
2016$2,837,1197%$3,046,7177%$1,366,5135%
2015$3,040,5307%$2,857,02113%$1,442,15530%
2014$2,848,566108%$2,528,964110%$1,108,21155%
2013$1,371,4517%$1,206,3812%$714,68336%
2012$1,481,39818%$1,229,35422%$525,43888%
2011$1,255,068$1,007,780$279,743

Frequently Asked Questions

What does Palmetto Academy Of Learning And Success Inc do?

Palmetto Academy Of Learning And Success Inc is a education nonprofit organization based in South Carolina. It is classified under NTEE code B29 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Palmetto Academy Of Learning And Success Inc financially healthy?

Based on our 9-metric Financial Health Score model, Palmetto Academy Of Learning And Success Inc has a score of 34/100 (Grade: D). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Palmetto Academy Of Learning And Success Inc generate?

Palmetto Academy Of Learning And Success Inc reports $4.4M in annual revenue and holds $1.1M in total assets, based on IRS filings.

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