Palmetto Professional Society of Charleston II
Public records raise at least one point you should look into before giving.
What it says it does
THE PALMETTO PROFESSIONAL SOCIETY OF CHARLESTON (THE "CORPORATION") WAS INCORPORATED ON SEPTEMBER 11, 2008, AS A SOUTH CAROLINA NONPROFIT, NON-STOCK PUBLIC BENEFIT CORPORATION WITH MEMBERS. THE CORPORATION WAS FORMED AND IS OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE WITH THE NET EARNINGS BEING DEVOTED EXCLUSIVELY TO CHARITABLE, EDUCATIONAL, OR RECREATIONAL PURPOSES. IN PARTICULAR, THE CORPORATION WAS FORMED IN THE SPIRIT OF ESTABLISHING FOR YOUNG PROFESSIONALS, AN OPPORTUNITY FOR ORGANIZED, PROGRESSIVE, AND SUSTAINED INVOLVEMENT IN THE LOCAL CHARLESTON, SOUTH CAROLINA COMMUNITY. TO DATE, THE ROSTER OF THE SOCIETY BOASTS ALMOST 100 MEMBERS. THE CORPORATION'S MEMBERS CONSIST OF YOUNG PROFESSIONALS REPRESENTING LOCAL INDUSTRIES INCLUDING REAL ESTATE, DEVELOPMENT, BANKING, FINANCIAL PLANNING, ACCOUNTING, MARKETING, ADVERTISING, HOSPITALITY, FOOD AND BEVERAGE, MEDICINE, LAW, INTERNATIONAL TRADE, PUBLISHING AND OTHER FIELDS.
- Income
- $140,000
- Spending
- $155,543
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $113,613 spent. PROVIDED THE OVER 100 YOUNG PROFESSIONAL MEMBERS THE OPPORTUNITY FOR ORGANIZED, PROGRESSIVE, AND SUSTAINED INVOLVEMENT THROUGH LOCAL CHARLESTON EVENTS INCLUDING THE ANNUAL RED FISH TOURNAMENT THAT HAD OVER 125 PARTICIPANTS, A CHRISTMAS PARTY TO RAISE FUNDS FOR GIFTS FOR TOYS FOR TOTS, AND MEMBER EVENTS FOR RECREATIONAL AND NETWORKING PURPOSES.
- $35,000 spent. NET EARNINGS FROM EVENTS GO TO CHARITABLE OR EDUCATIONAL PURPOSES. IN THE CURRENT YEAR THAT INCLUDES $35,000 IN DIRECT CONTRIBUTIONS TO ORGANIZATIONS SUCH AS TOYS FOR TOTS, DOWN SYNDROME ASSOCIATION OF THE LOWCOUNTY, AND HABITAT FOR HUMANITY.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(4) social welfare organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2011 for not filing returns for three years, and reinstated on May 15, 2011.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(4) social welfare organization as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2014.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.