Virginia Association of Free and Charitable Clinics Inc

Analysis

Virginia Association of Free and Charitable Clinics Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Virginia Association of Free and Charitable Clinics Inc reported income of $7.8m and spending of $7.8m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $9.4m to $7.8m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Association of Free and Charitable Clinics Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Encompass Resources for Learning Inc ($7.8m), Kcaa Preschools of Hawaii ($7.8m) and Salisbury University Foundation Inc ($7.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $198k (2.5% of expenses). Other salaries and wages came to $260k. At year end it held assets of $3.4m against liabilities of $1.9m, net assets of $1.5m. It reported 5 employees.