Presbyterian Ear Institute

Analysis

Presbyterian Ear Institute is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 1989, 37 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Presbyterian Ear Institute reported income of $2.4m and spending of $1.8m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.4m (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presbyterian Ear Institute sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NM. Charities of a similar size with the same main cause include Collective Impact in New Hanover County Inc ($2.4m), Holocaust Center for Humanity ($2.4m) and National Association of Hispanic Journalists ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $101k (5.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.0m against liabilities of $114k, net assets of $1.9m. It reported 36 employees.