Workers Compensation Institute Inc

Analysis

Workers Compensation Institute Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover health care, 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 October 2022, Workers Compensation Institute Inc reported income of $2.0m and spending of $1.8m, spending 89% of its income. Across the 4 years on record, from December 2019 to October 2022, income fell from $2.0m to $2.0m (-0.4%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 3130%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Workers Compensation Institute Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Alcoholism Council Butler County Ohio Inc ($2.0m), Epic Medical Services PC ($2.0m) and Harvest USA ($2.0m).

On its Form 990 for the period ending October 2022, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $49k (2.7% of expenses). At year end it held assets of $907k against liabilities of $518k, net assets of $389k. It reported 1 employees.