Dr Rafael a Penalver Clinic Inc

Analysis

Dr Rafael a Penalver Clinic Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dr Rafael a Penalver Clinic Inc reported income of $761k and spending of $656k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $665k to $761k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Dr Rafael a Penalver Clinic Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Abcd Inc ($761k), Northwest Health Law Advocates ($761k) and Houston House Foundation ($761k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $115k (18% of expenses). Other salaries and wages came to $262k. At year end it held assets of $286k against liabilities of $10k, net assets of $276k. It reported 11 employees.