Vitae Clinic Inc

Analysis

Vitae Clinic Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Vitae Clinic Inc reported income of $1.8m and spending of $1.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vitae Clinic Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Kingfisher Regional Hospital ($1.8m), Formation Counseling Services Inc ($1.8m) and Aniz Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $543k (29% of expenses). Other salaries and wages came to $723k. At year end it held assets of $229k against liabilities of $113k, net assets of $116k. It reported 21 employees.