Hope Medical Clinic Inc

Analysis

Hope Medical Clinic Inc is a registered charity in United States, based in Destin, FL. It received its IRS tax-exemption ruling in April 2009, 17 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 2023, Hope Medical Clinic Inc reported income of $560k and spending of $724k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $546k to $560k (+2.5%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Medical Clinic Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include People First Therapy Group ($560k), Fundacion Pediatrica de Diabetes Inc ($560k) and Breast and Gyn Health Project ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $85k (12% of expenses). Other salaries and wages came to $479k. At year end it held assets of $143k against liabilities of $11k, net assets of $133k. It reported 5 employees.