Hope Health Clinic Inc

Analysis

Hope Health Clinic Inc is a registered charity in United States, based in Lagrange, KY. It received its IRS tax-exemption ruling in February 2015, 11 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, Hope Health Clinic Inc reported income of $1.3m and spending of $1.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $496k to $1.3m (+152%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Health Clinic Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Central California Recovery Inc ($1.3m), Institute for Advanced Consciousness Studies Inc ($1.3m) and Racine Friendship Clubhouse Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $70k (5.5% of expenses). Other salaries and wages came to $239k. At year end it held assets of $766k against liabilities of $1,140, net assets of $765k. It reported 9 employees.