Performance Initiatives Inc

Analysis

Performance Initiatives Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2022, Performance Initiatives Inc reported income of $265k and spending of $324k, spending 122% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $238k to $265k (+11%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Performance Initiatives Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within GA. Charities of a similar size with the same main cause include Blue Earth County Fair Association ($265k), Midwest Gymnastics Booster Club ($265k) and Smoky Mountain Event Center Inc ($265k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 80% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $19k (6.0% of expenses). Other salaries and wages came to $71k. At year end it held assets of $44k against liabilities of $130k, net assets of -$86k. It reported 13 employees.