CSCharityScored
55

The Palms Retirement Center Inc

Other · Harlingen, Texas

525 E Davis Street, Harlingen, TX 78550-3964

EIN: 742247344· Founded: Apr 1983· 43 years active· Filing Year: 2023

Annual Revenue

$619K

Total Expenses

$576K

Total Assets

$1.1M

Program Spending

42%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$49K

8.5% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$71K

Total Payroll

$120K

21% of total expenses

Where the Money Goes

42%
Programs: 42%
Payroll: 21%
Other overhead: 58%
Program Revenue$244K (39%)
Total Expenses$576K (93%)
Payroll$120K (21%)
Overhead (non-program)58%

Trust Score Breakdown

Program Spending Ratio

42% of expenses go to programs

40%

Revenue & Stability

$619K annual revenue

15%

Executive Compensation

$49K total officer comp (8.5% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$1.1M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.