Outpatient Medical Center Inc

Analysis

Outpatient Medical Center Inc is a registered charity in United States, based in Natchitoches, LA. It received its IRS tax-exemption ruling in October 1979, 47 years ago. 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 January 2024, Outpatient Medical Center Inc reported income of $6.4m and spending of $6.5m, spending 103% of its income. Across the 3 years on record, from January 2020 to January 2024, income grew from $3.5m to $6.4m (+80%), an average of +34% a year. The sharpest change came in the year to January 2024, when income rose by 63%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Outpatient Medical Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within LA. Charities of a similar size with the same main cause include Compass for Lifelong Discovery ($6.4m), National Christian Charitable Foundation Inc ($6.4m) and Northeast Missouri Community Action Agency ($6.4m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $429k (6.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $5.1m against liabilities of $2.4m, net assets of $2.7m. It reported 75 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.