Volunteer Healthcare Clinic Inc

Analysis

Volunteer Healthcare Clinic Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Volunteer Healthcare Clinic Inc reported income of $886k and spending of $886k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $650k to $886k (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunteer Healthcare Clinic Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Skaneateles Ambulance Volunteer Emergency Service Inc ($885k), Marysville Area Ministerial Association ($886k) and Federal Funds Information for States Incorporated ($885k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $90k (10% of expenses). Other salaries and wages came to $365k. At year end it held assets of $1.7m against liabilities of $11k, net assets of $1.6m. It reported 28 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.