Southwestern Medical Clinic Foundation

Analysis

Southwestern Medical Clinic Foundation is a registered charity in United States, based in St Joseph, MI. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Southwestern Medical Clinic Foundation reported income of $221k and spending of $317k, spending 143% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $318k to $221k (-30%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 123% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Southwestern Medical Clinic Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Seward County United Fund ($221k), Charleston Symphony Orchestra League Inc ($221k) and Firstmark Credit Union Foundation ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $44k (14% of expenses). At year end it held assets of $135k against liabilities of $0, net assets of $135k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.