Texas Specialty Clinic

Analysis

Texas Specialty Clinic is a registered charity in United States, based in Lancaster, TX. It received its IRS tax-exemption ruling in December 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 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, Texas Specialty Clinic reported income of $828k and spending of $1.5m, spending 178% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $257k to $828k (+222%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 262%. Over the whole period it spent 178% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Specialty Clinic sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Hope Thru Housing Inc ($828k), The Center for Loss and Bereavment ($828k) and Able Kids Foundation ($828k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $321k against liabilities of $1.1m, net assets of -$824k. It reported 1 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.