New York College of Podiatric Medicine

Analysis

New York College of Podiatric Medicine is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1955, 71 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New York College of Podiatric Medicine reported income of $17.1m and spending of $23.3m, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $17.8m to $17.1m (-4.0%), an average of -1.0% a year. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York College of Podiatric Medicine sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Hillcrest Christian School ($17.1m), St Davids School ($17.1m) and Elsie Whitlow Stokes Community Freedom Public Charter School ($17.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $1.1m (4.6% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $49.0m against liabilities of $21.7m, net assets of $27.3m. It reported 171 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.