Palmetto Goodwill
2150 Eagle Drive Building 100, Charleston, SC · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $65,087,712 | $53,978,984 | $80,944,309 |
| FY2023 | $60,064,899 | $48,216,487 | $69,731,981 |
| FY2022 | $55,111,508 | $44,353,300 | $58,161,699 |
| FY2021 | $50,949,954 | $41,925,265 | $41,962,179 |
| FY2020 | $39,872,407 | $37,552,771 | $31,228,769 |
| FY2019 | $39,955,033 | $36,247,341 | $30,893,696 |
| FY2018 | $36,128,417 | $34,324,120 | $29,329,324 |
| FY2017 | $34,962,813 | $33,283,994 | $27,087,760 |
| FY2016 | $33,995,883 | $32,952,534 | $24,907,551 |
Form 990 filings
The returns filed by Palmetto Goodwill (EIN 47-4183942), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $23,668,310 | 36% |
| Program service revenue | $1,492,911 | 2% |
| Other revenue | $39,926,491 | 61% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $47,550,714 | 88% |
| Management & general | $6,290,220 | 12% |
| Fundraising | $138,050 | <1% |
What the numbers show
- Other revenue made up 61% of total revenue in FY2024.
- Program services accounted for 88% of functional expenses, management & general 12%, and fundraising 0%.
- 88% of functional expenses went to program services in FY2024. That is higher than 52.2% of 23 Human Services organizations in SC.
- Net assets covered about 18 months of expenses at the end of the reporting year. That puts it in the 63rd percentile among 682 Human Services organizations in SC.
- Total revenue was higher than 99.9% of 704 Human Services organizations in SC.
- Total revenue rose from $33,995,883 in FY2016 to $65,087,712 in FY2024. Revenue increased in 7 and decreased in 1 of 8 year-over-year comparisons.
- Revenue covered expenses in each of the 9 reported years, FY2016 to FY2024.
- Net assets grew from $24,907,551 to $80,944,309 between FY2016 and FY2024.
- Contributions and grants made up 30% of revenue in FY2016 and 36% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PALMETTO GOODWILL IS CHANGING LIVES BY PROVIDING EQUITABLE ACCESS TO TRAINING, EDUCATION, AND EMPLOYMENT.
IRS status
| Ruling year | 2015 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | P20 — Human Services |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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