Faculty Clinic Inc

Analysis

Faculty Clinic Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in June 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Faculty Clinic Inc reported income of $1.6m and spending of $1.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+5.8%), an average of +1.4% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faculty Clinic Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Faith Christian School ($1.6m), Ipakanni Early College Charter School ($1.6m) and Collegiate Directions Incorporated ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $10.4m against liabilities of $8.0m, net assets of $2.4m.