Clearwater Free Clinic Inc

Analysis

Clearwater Free Clinic Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2024, Clearwater Free Clinic Inc reported income of $7.0m and spending of $7.3m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.0m to $7.0m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2023, when income rose by 87%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Clearwater Free Clinic Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Jeffhome NJ LLC ($7.0m), Finger Lakes Health Foundation Inc ($7.0m) and Intermountain Health Center Inc ($7.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $642k (8.8% of expenses). Other salaries and wages came to $926k. At year end it held assets of $9.1m against liabilities of $44k, net assets of $9.1m. It reported 26 employees.