Pike Medical Foundation

Analysis

Pike Medical Foundation is a registered charity in United States, based in Troy, AL. It received its IRS tax-exemption ruling in September 1989, 37 years ago. 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 September 2023, Pike Medical Foundation reported income of $52k and spending of $70k, spending 135% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $32k to $52k (+63%), an average of +63% a year. The sharpest change came in the year to September 2023, when income rose by 63%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pike Medical Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within AL. Charities of a similar size with the same main cause include Veterans and Equines Together ($52k), Senior Citizens Foundation of South Pasadena Inc ($52k) and Mary E Seymour Memorial Free Library ($52k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.