Smith Medical Clinic Inc

Analysis

Smith Medical Clinic Inc is a registered charity in United States, based in Pawleys Isl, SC. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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, Smith Medical Clinic Inc reported income of $2.1m and spending of $1.6m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $716k to $2.1m (+195%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Smith Medical Clinic Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include McCormick Arts Council at the Keturah M a C K ($2.1m), Zoomers Inc ($2.1m) and Logan County Association for Retarded Citizens Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $88k (5.4% of expenses). Other salaries and wages came to $401k. At year end it held assets of $2.1m against liabilities of $30k, net assets of $2.1m. It reported 19 employees.