Podari Life Inc

Analysis

Podari Life Inc is a registered charity in United States, based in Stoneham, MA. It received its IRS tax-exemption ruling in August 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Podari Life Inc reported income of $758k and spending of $545k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $668k to $758k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income rose by 194%. Over the whole period it spent 34% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Podari Life Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Shisa ($758k), Minnesota Association for Recovery & Chemical Health ($759k) and Joseph Maley Foundation Inc ($758k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.5m against liabilities of $6,196, net assets of $2.5m.