Saint Michaels Clinics Inc

Analysis

Saint Michaels Clinics Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Saint Michaels Clinics Inc reported income of $17.0m and spending of $16.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.5m to $17.0m (-3.1%), an average of -0.8% a year. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Saint Michaels Clinics Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Bear Lake Community Health Center Inc ($17.0m), Lakeview Health Services Inc ($17.0m) and On Point NYC Inc ($16.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 92% of the total. At year end it held assets of $12.2m against liabilities of $2.0m, net assets of $10.3m.