Healthreach Community Clinic

Analysis

Healthreach Community Clinic is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in June 2004, 22 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 June 2024, Healthreach Community Clinic reported income of $2.7m and spending of $3.2m, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $665k to $2.7m (+305%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 226%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthreach Community Clinic sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Activating Change Inc ($2.7m), Good Samaritan Health Services Inc ($2.7m) and Beloit Health System Foundation Inc ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $63k (1.9% of expenses). Other salaries and wages came to $377k. At year end it held assets of $2.3m against liabilities of $4,611, net assets of $2.3m. It reported 12 employees.