Podiatry Institute Inc

Analysis

Podiatry Institute Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in March 1991, 35 years ago. 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 2022, Podiatry Institute Inc reported income of $2.0m and spending of $2.1m, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.7m to $2.0m (-28%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Podiatry Institute Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include St Paul Apartments Inc ($2.0m), Westside Cares Inc ($2.0m) and Theatre in the Park Inc ($2.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $130k (6.3% of expenses). Other salaries and wages came to $180k. At year end it held assets of $345k against liabilities of $190k, net assets of $155k. It reported 4 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.