Hope Medical Clinic Inc

Analysis

Hope Medical Clinic Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in December 2005, 21 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 December 2023, Hope Medical Clinic Inc reported income of $212k and spending of $155k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $126k to $212k (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Medical Clinic Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 50th percentile within DE. Charities of a similar size with the same main cause include Overwatch Collective Corporation ($212k), Nami Clackamas ($212k) and Gifts of Grace Adoption Support Center Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $41k. At year end it held assets of $465k against liabilities of $2,595, net assets of $462k. It reported 5 employees.