Charity Search / PALMETTO PROMISE INSTITUTE
Health Care (E057) 990 on File

PALMETTO PROMISE INSTITUTE

EIN: 26-3077338 · COLUMBIA, SC 29211-2676 · United States · FY 2025 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 93/100
Reliability (20%) 50/100
Effectiveness (25%) 81/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Financial Overview — FY 2025
$1.1M
Total Revenue
$1.7M
Total Expenses
$1.3M
Net Assets
15
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 83.7%
Fundraising Efficiency N/A
Operating Reserve 8.80x
Liability-to-Asset 1.4%
Revenue Diversification 97.5%
Executive Compensation $277K
Compared with Peers
FY 2025
Compared with 1,779 similar organizations (United States, Health Care, $1M–$10M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
83.7% 84.7%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
7.7% 11.9%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
8.6% 0.0%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
8.8 mo 11.0 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
1.4% 12.3%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
97.5% 90.1%
P10P90
Below median
Surplus margin
Surplus as a share of revenue
-57.8% 2.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $1.1M $1.7M $1.3M 83.7% 15
2023 $640K $530K $330K 67.6% 7
2022 $597K $670K $216K 90.3% 5
2021 $466K $528K N/A — 5
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Organization Details
EIN
26-3077338
State
SC
City
COLUMBIA
ZIP
29211-2676
Classification
E057
Category
Health Care
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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