Lorain County Free Clinic Inc

Analysis

Lorain County Free Clinic Inc is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in May 1986, 40 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, Lorain County Free Clinic Inc reported income of $973k and spending of $1.0m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $973k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lorain County Free Clinic Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Cancer Alliance Network Inc ($973k), Health Markets Policy Network ($973k) and US Health Fairs - Org ($973k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $107k (10% of expenses). Other salaries and wages came to $141k. At year end it held assets of $1.4m against liabilities of $10k, net assets of $1.4m. It reported 4 employees.