Lake Tanganyika Floating Health Clinic

Analysis

Lake Tanganyika Floating Health Clinic is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2010, 16 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 2023, Lake Tanganyika Floating Health Clinic reported income of $603k and spending of $422k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $643k to $603k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to June 2020, when income dropped by 59%. 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, Lake Tanganyika Floating Health Clinic sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Dallas Development Fund ($603k), Appalachian Life Quality Initiative ($603k) and Town of Plymouth Volunteer Ambulance Corps ($603k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $201k. At year end it held assets of $400k against liabilities of $2,117, net assets of $398k. It reported 3 employees.