Davidson Medical Ministries Clinic Inc

Analysis

Davidson Medical Ministries Clinic Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in October 1991, 35 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 September 2023, Davidson Medical Ministries Clinic Inc reported income of $1.6m and spending of $1.3m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $809k to $1.6m (+94%), an average of +18% a year. The sharpest change came in the year to September 2023, when income rose by 40%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Davidson Medical Ministries Clinic Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Independent Electrical Training Trust ($1.6m), Southwest Christian Academy Inc ($1.6m) and Christus St Patrick Foundation ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $105k. At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m.