Gracemed Health Clinic Inc

Analysis

Gracemed Health Clinic Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in May 1995, 31 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, Gracemed Health Clinic Inc reported income of $32.7m and spending of $30.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.6m to $32.7m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gracemed Health Clinic Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KS. Charities of a similar size with the same main cause include Ripon Medical Center Inc ($32.7m), Santa Ynez Valley Cottage Hospital Inc ($32.7m) and Childrens Hospital Opthalmology Foundation Inc ($32.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $970k (3.2% of expenses). Other salaries and wages came to $15.8m. At year end it held assets of $52.4m against liabilities of $3.7m, net assets of $48.7m. It reported 443 employees.