Music City Prep Clinic

Analysis

Music City Prep Clinic is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover health care, 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 June 2023, Music City Prep Clinic reported income of $46.5m and spending of $46.1m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $15.2m to $46.5m (+207%), an average of +45% a year. The sharpest change came in the year to June 2021, when income rose by 121%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Music City Prep Clinic 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 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Academic Medicine Services Inc ($46.5m), Pathways Inc ($46.5m) and American Academy of Orthopedic Surgeons ($46.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $22.8m against liabilities of $8.5m, net assets of $14.3m. It reported 82 employees.