Lake Area Free Clinic Inc

Analysis

Lake Area Free Clinic Inc is a registered charity in United States, based in Oconomowoc, WI. It received its IRS tax-exemption ruling in May 2001, 25 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, Lake Area Free Clinic Inc reported income of $2.2m and spending of $2.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.2m (+87%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lake Area Free Clinic Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WI. Charities of a similar size with the same main cause include Hope Reins ($2.2m), Rheumatology Advanced Practice Providers Inc ($2.2m) and Armstrong County Council on Alcohol and Other Drugs Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $139k (7.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.8m against liabilities of $408k, net assets of $2.4m. It reported 34 employees.