St Petersburg Free Clinic Inc

Analysis

St Petersburg Free Clinic Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in September 1975, 51 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 September 2023, St Petersburg Free Clinic Inc reported income of $34.9m and spending of $38.2m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $24.0m to $34.9m (+46%), an average of +9.8% a year. The sharpest change came in the year to September 2020, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Petersburg Free Clinic Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Annie Wright Schools ($34.9m), R a I N Home Attendant Services Inc ($35.0m) and Saint Joseph Villa ($34.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $466k (1.2% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $30.4m against liabilities of $2.1m, net assets of $28.3m. It reported 79 employees.