The Bicol Clinic Foundation Inc

Analysis

The Bicol Clinic Foundation Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in March 2007, 19 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 (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 2022, The Bicol Clinic Foundation Inc reported income of $210k and spending of $219k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $480k to $210k (-56%), an average of -24% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Bicol Clinic Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Memorial Medical Center Volunteers ($210k), In a Heartbeat Inc ($210k) and Mashoko Christian Hospital Inc ($210k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (26% of expenses). At year end it held assets of $499k against liabilities of $136k, net assets of $362k. It reported 2 employees.