Clinsura Inc

Analysis

Clinsura Inc is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clinsura Inc reported income of $674k and spending of $1.6m, spending 241% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $674k (-64%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. Over the whole period it spent 189% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Clinsura Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Hitops Inc ($674k), Microbiome Research Inc ($674k) and Visitor Aloha Society of Hawaii ($674k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $16k against liabilities of $6.1m, net assets of -$6.1m. It reported 27 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.