Piedmont Heart Institute Inc

Analysis

Piedmont Heart Institute Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Piedmont Heart Institute Inc reported income of $4.3m and spending of $7.6m, spending 176% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.7m to $4.3m (-7.2%), an average of -1.9% a year. The sharpest change came in the year to June 2020, when income dropped by 30%. Over the whole period it spent 150% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Piedmont Heart Institute Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Locust Street Resource Center ($4.3m), Strasburg Nursing Home ($4.3m) and Spokane Addiction Recovery Centers Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 87% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $3.9m against liabilities of $1.6m, net assets of $2.3m. It reported 39 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.