T H E Clinic Inc

Analysis

T H E Clinic Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1974, 52 years ago. 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 2023, T H E Clinic Inc reported income of $22.7m and spending of $19.7m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.7m to $22.7m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 29%. 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, T H E Clinic Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Trinity Health Pace ($22.7m), Horizon Village Inc ($22.7m) and Accreditation Association for Ambulatory Health Care Inc ($22.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $948k (4.8% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $24.5m against liabilities of $10.3m, net assets of $14.3m. It reported 157 employees.