Podium Foundation

Analysis

Podium Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 2008, 18 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, Podium Foundation reported income of $243k and spending of $306k, spending 126% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $163k to $243k (+49%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Podium Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Lycoming Learning Group ($243k), Yuva Pragati Inc ($243k) and Attitude Is Everything Foundation Incorporated ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $60k (20% of expenses). Other salaries and wages came to $127k. At year end it held assets of $647k against liabilities of $0, net assets of $647k. It reported 10 employees.