Grace Clinic of Lubbock

Analysis

Grace Clinic of Lubbock is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Grace Clinic of Lubbock reported income of $42.2m and spending of $42.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $45.7m to $42.2m (-7.5%), an average of -1.9% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grace Clinic of Lubbock sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Mercy Medical Center-Centerville ($42.2m), Indian Health Care Resource Center ($42.3m) and Chesapeake Regional Information System for Our Patients Inc ($42.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $4.4m (10% of expenses). Other salaries and wages came to $21.9m. At year end it held assets of $36.3m against liabilities of $77.1m, net assets of -$40.8m. It reported 306 employees.