Floating Doctors Inc

Analysis

Floating Doctors Inc is a registered charity in United States, based in Topanga, CA. 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, Floating Doctors Inc reported income of $664k and spending of $700k, spending 105% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $830k to $664k (-20%), an average of -7.2% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Floating Doctors 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 76th percentile within CA. Charities of a similar size with the same main cause include Resounding Joy Inc ($664k), Diamond Blackfan Anemia Foundation ($664k) and Saint Thomas Home Health ($664k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $60k (8.5% of expenses). Other salaries and wages came to $106k. At year end it held assets of $1.5m against liabilities of $6,273, net assets of $1.5m.