Riordan Clinic Inc

Analysis

Riordan Clinic Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in June 1977, 49 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riordan Clinic Inc reported income of $7.3m and spending of $7.6m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $7.3m (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riordan Clinic Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within KS. Charities of a similar size with the same main cause include Masonic Center for Health and Rehab Inc ($7.3m), Allegany County Community Opportunities and Rural Developmen ($7.3m) and Blanche Ebert Seaver Trust for Frank R Seaver College ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $443k (5.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $3.5m against liabilities of $1.4m, net assets of $2.0m. It reported 74 employees.