Covid Clinic Inc

Analysis

Covid Clinic Inc is a registered charity in United States, based in Huntingtn BCH, CA. It received its IRS tax-exemption ruling in April 2021, 5 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, Covid Clinic Inc reported income of $269k and spending of $14.1m, spending 5239% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $86.9m to $269k (-100%), an average of -85% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Covid Clinic Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Pregnancy Care Center of the North Coast ($269k), Ellicottville Great Valley Ambulance Service Inc ($269k) and Desert Hospital Auxiliary ($269k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 837% of the total. Compensation of current officers, directors and key employees was $205k (1.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $5.8m against liabilities of $8.8m, net assets of -$3.0m. It reported 210 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.