Northeast Arkansas Clinic Char Foundation Inc

Analysis

Northeast Arkansas Clinic Char Foundation Inc is a registered charity in United States, based in Jonesboro, AR. It received its IRS tax-exemption ruling in April 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 September 2023, Northeast Arkansas Clinic Char Foundation Inc reported income of $102.5m and spending of $137.8m, spending 134% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $97.8m to $102.5m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 127% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northeast Arkansas Clinic Char Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AR. Charities of a similar size with the same main cause include Entertainment Industry Foundation ($102.4m), The Community Foundation for Northeast Florida Inc ($104.3m) and Distribution Cooperative Inc ($101.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $9.8m (7.1% of expenses). Other salaries and wages came to $78.9m. At year end it held assets of $36.8m against liabilities of $271.5m, net assets of -$234.6m. It reported 1,037 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.