Palm Academy Inc
A better education for minor children.
Palm Academy Inc at a glance
- Total assets
- $2,159,055
- +14.8% vs 2024
- Revenue (2025)
- $1,298,799
- +1.9% vs 2024
- Net investment income (2025)
- $55,169
- -18.9% vs 2024
- Expenses (2025)
- $1,075,351
- -0.4% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Palm Academy Inc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $50–100K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $4K (2024) to $50K (2021). In 2024 it reported $4K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Chinese Methodist Churc Fremont, CA | Educational Assistance | $50,240 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,159,055 | $1,298,799 | $1,075,351 | — | — | $55,169 |
| 2024 | $1,881,513 | $1,275,045 | $1,079,855 | $3,910 | Total only | $68,004 |
| 2023 | $1,633,495 | $993,619 | $995,788 | — | — | $-139,326 |
| 2022 | $1,505,649 | $1,141,110 | $994,885 | — | — | $5,617 |
| 2021 | $1,390,597 | $749,912 | $694,678 | $50,240 | 1 | $135,123 |
| 2020 | $1,412,514 | $1,127,463 | $1,056,895 | $49,021 | 1 | $95,479 |
| 2019 | $1,180,492 | $1,188,171 | $1,075,081 | $48,121 | 1 | $8,070 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Palm Academy Inc
Based on IRS filings
Palm Academy Inc is a public charity focused on Education, based in Fremont, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.2M in total assets. Net investment income was $55K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Palm Academy Inc is led by Ruth Yong, President on every filing since 2019; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ruth Yong
President
On filings since 2019
40 hrs/week
$110K (2019) → $0 (2025)
Abraham Jou
Board Member
On filings since 2019
1 hr/week
No compensation reported
Debbie Lau
Secretary
Vice President → Secretary, 2023
On filings since 2019
1 hr/week
No compensation reported
Grace Lau
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Joel Lo
Board Member
On filings since 2019
1 hr/week
No compensation reported
Simon Chang
Board Member
On filings since 2024
1 hr/week
No compensation reported
Tech Poh Wong
Board Member
On filings since 2024
1 hr/week
No compensation reported
Former officers (1)
- Former: Connie Kwan (2019–2022) — Secretary
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $105K, to Ruth Yong (President).
Frequently asked questions about Palm Academy Inc
How large is Palm Academy Inc?
Palm Academy Inc reported $2.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.3M.
What is Palm Academy Inc?
Palm Academy Inc is a public charity focused on Education, based in Fremont, CA. It holds $2.2M in total assets as of 2025.
Where does Palm Academy Inc operate?
Palm Academy Inc has awarded grants in California.
What is Palm Academy Inc's EIN?
Palm Academy Inc's EIN (Employer Identification Number) is 20-5949060. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 26, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
Live grants for the work Palm Academy Inc funds
Education Open opportunities, soonest deadline first.
- Creative Impact Grants $500 - $2,500 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Palm Academy Inc's focus areas in our free grants database
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Palm Academy Inc down — hundreds of funders to go?