Boca Grande Health Clinic Foundation Inc

Analysis

Boca Grande Health Clinic Foundation Inc is a registered charity in United States, based in Boca Grande, FL. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Boca Grande Health Clinic Foundation Inc reported income of $4.0m and spending of $5.0m, spending 126% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.6m to $4.0m (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2021, when income rose by 52%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boca Grande Health Clinic Foundation 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 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include United Way Foundation of Metropolitan Dallas ($4.0m), Washington County Community Foundation ($4.0m) and Pittsburgh Penguins Foundation ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $79k (1.6% of expenses). Other salaries and wages came to $99k. At year end it held assets of $59.2m against liabilities of $3.7m, net assets of $55.6m. It reported 2 employees.