Permobil Foundation

Analysis

Permobil Foundation is a registered charity in United States, based in Lebanon, TN. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Permobil Foundation reported income of $1.1m and spending of $998k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.1m (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 70%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Permobil Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Silver Fox Senior Social Club Inc ($1.1m), Coddington Road Community ($1.1m) and Turn Away No Longer Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 12% of the total. Other salaries and wages came to $238k. At year end it held assets of $1.5m against liabilities of $43k, net assets of $1.4m. It reported 3 employees.