Lake County Free Clinic

Analysis

Lake County Free Clinic is a registered charity in United States, based in Painesville, OH. It received its IRS tax-exemption ruling in April 1971, 55 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, Lake County Free Clinic reported income of $860k and spending of $785k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $678k to $860k (+27%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake County Free Clinic sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Countryside United Methodist Preschool Inc ($860k), Habitat for Humanity International Inc ($861k) and Wisconsin Veterans Network Inc ($860k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $78k (10.0% of expenses). Other salaries and wages came to $336k. It paid $5,000 in professional fundraising fees. At year end it held assets of $970k against liabilities of $400k, net assets of $570k. It reported 14 employees.