Potomac Massage Training Institute Inc

Analysis

Potomac Massage Training Institute Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Potomac Massage Training Institute Inc reported income of $842k and spending of $941k, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.2m to $842k (-31%), an average of -8.8% a year. The sharpest change came in the year to August 2022, when income rose by 123%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Potomac Massage Training Institute Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Maple Shade First Aid Squad Inc ($841k), Tuscaloosa Research and Education Advancement Corporation ($842k) and New Hampshire Professionals Healthprogram ($840k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $118k (13% of expenses). Other salaries and wages came to $288k. At year end it held assets of $1.7m against liabilities of $1.8m, net assets of -$116k. It reported 64 employees.