Volunteers in Medicine Clinic

Analysis

Volunteers in Medicine Clinic is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in September 1992, 34 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 June 2024, Volunteers in Medicine Clinic reported income of $9.4m and spending of $9.2m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.8m to $9.4m (+63%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunteers in Medicine Clinic sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include American Airpower Heritage Foundation Inc ($9.4m), All Saints Assisted Living Center Inc ($9.4m) and Davis Education Foundation ($9.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $254k (2.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $13.0m against liabilities of $241k, net assets of $12.7m. It reported 36 employees.