Palmetto Academy For Learning Motorsports Inc
Myrtle Beach, South Carolina
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Average
How This Organization Compares
Compared to 4 peers in Education with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
7 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $3,021,585↓8% | $2,791,676↑2% | $6,037,732 | |
| 2022 | $3,296,295↑12% | $2,735,941↑5% | $6,021,291↑10% | — |
| 2021 | $2,932,770↑27% | $2,617,211↑5% | $5,476,271↑6% | — |
| 2020 | $2,303,569↑33% | $2,483,990↑31% | $5,144,115↓1% | — |
| 2019 | $1,736,987↑4% | $1,890,485↑17% | $5,172,604↑1635% | — |
| 2018 | $1,666,190↑9% | $1,618,768↑4% | $298,110 | — |
| 2017 | $1,528,600 | $1,551,816 | $297,769 | — |
Frequently Asked Questions
What does Palmetto Academy For Learning Motorsports Inc do?▼
Palmetto Academy For Learning Motorsports 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 For Learning Motorsports Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Palmetto Academy For Learning Motorsports Inc has a score of 50/100 (Grade: B-). 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 For Learning Motorsports Inc generate?▼
Palmetto Academy For Learning Motorsports Inc reports $2.9M in annual revenue and holds $5.7M in total assets, based on IRS filings.
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