Practice Transformation Institute

Analysis

Practice Transformation Institute is a registered charity in United States, based in Rochester HLS, MI. It received its IRS tax-exemption ruling in January 2010, 16 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 December 2023, Practice Transformation Institute reported income of $478k and spending of $622k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $643k to $478k (-26%), an average of -7.1% a year. The sharpest change came in the year to December 2023, when income rose by 196%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Practice Transformation Institute sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Walk in Art Center Inc ($478k), Maine Resilience Building Network ($478k) and Badr Center Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $240k (39% of expenses). Other salaries and wages came to $217k. At year end it held assets of $43k against liabilities of $3,152, net assets of $40k. It reported 7 employees.