Gratis Healthcare Inc

Analysis

Gratis Healthcare Inc is a registered charity in United States, based in Franklin, MA. It received its IRS tax-exemption ruling in August 2021, 5 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, Gratis Healthcare Inc reported income of $75k and spending of $51k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $75k (+4.5%), an average of +4.5% a year. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gratis Healthcare Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Frank Phillips College Development Corporation ($75k), Veterans Defense Project ($75k) and Parent Booster USA Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.