Louisiana Clinical Services Inc

Analysis

Louisiana Clinical Services Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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 June 2023, Louisiana Clinical Services Inc reported income of $22.1m and spending of $27.1m, spending 123% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $7.0m to $22.1m (+216%), an average of +78% a year. The sharpest change came in the year to June 2022, when income rose by 414%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louisiana Clinical Services 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 TX. Charities of a similar size with the same main cause include Economic Security Corporation of Southwest Area ($22.1m), Ums-Wright Corporation ($22.1m) and Community Council of South Central ($22.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $8.0m against liabilities of $5.1m, net assets of $2.9m.