Friends of Volunteers in Medicine Clinic Inc

Analysis

Friends of Volunteers in Medicine Clinic Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in February 2001, 25 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 December 2023, Friends of Volunteers in Medicine Clinic Inc reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $949k to $1.1m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Volunteers in Medicine 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 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Florida Firefighters Charities TR ($1.1m), Disc Village Foundation Inc ($1.1m) and St Joseph County United Fund ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $5.8m against liabilities of $168k, net assets of $5.6m.