Iowa City Free Medical Clinic

Analysis

Iowa City Free Medical Clinic is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in September 1972, 54 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 June 2023, Iowa City Free Medical Clinic reported income of $692k and spending of $802k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $652k to $692k (+6.1%), an average of +1.5% a year. The sharpest change came in the year to June 2021, when income rose by 38%. 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, Iowa City Free Medical Clinic 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 75th percentile, and in the 77th percentile within IA. Charities of a similar size with the same main cause include Care Fund ($692k), St Clare Health Mission Inc ($692k) and International Atherosclerosis Society ($691k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $153k (19% of expenses). Other salaries and wages came to $363k. At year end it held assets of $1.4m against liabilities of $325k, net assets of $1.1m. It reported 27 employees.