Piedmont Orthopedic Foundation

Analysis

Piedmont Orthopedic Foundation is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover medical research, 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 December 2023, Piedmont Orthopedic Foundation reported income of $642k and spending of $622k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $659k to $642k (-2.6%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Piedmont Orthopedic 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 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include International Society for Disease of the Esophagus ($642k), Music Movement Inc ($642k) and Relapsing Polychondritis Awareness and Support Foundation ($641k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 33% of the total. Other salaries and wages came to $27k. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.