Free Clinic of the New River Valley Inc

Analysis

Free Clinic of the New River Valley Inc is a registered charity in United States, based in Christiansbrg, VA. It received its IRS tax-exemption ruling in April 1980, 46 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 October 2023, Free Clinic of the New River Valley Inc reported income of $12.0m and spending of $10.2m, spending 85% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $6.0m to $12.0m (+102%), an average of +19% a year. The sharpest change came in the year to October 2020, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Free Clinic of the New River Valley Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Calvin Community ($12.0m), Los Angeles Education Partnership ($12.1m) and The Open Door Cape Ann Food Pantry Inc ($12.0m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $576k (5.6% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $7.2m against liabilities of $686k, net assets of $6.5m. It reported 116 employees.