Parkland Center for Clinical Innovation

Analysis

Parkland Center for Clinical Innovation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Parkland Center for Clinical Innovation reported income of $8.9m and spending of $14.4m, spending 162% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.4m to $8.9m (+21%), an average of +4.8% a year. The sharpest change came in the year to September 2023, when income rose by 18%. Over the whole period it spent 154% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Parkland Center for Clinical Innovation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Regional Enterprises Inc ($8.9m), United Family Practice Health Center ($8.9m) and Northeast Mississippi Health Care Inc ($8.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $743k (5.2% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $7.0m against liabilities of $37.5m, net assets of -$30.6m. It reported 56 employees.

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.