Venice Family Clinic

Analysis

Venice Family Clinic is a registered charity in United States, based in Venice, CA. It received its IRS tax-exemption ruling in April 1977, 49 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, Venice Family Clinic reported income of $91.1m and spending of $83.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $49.7m to $91.1m (+83%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Venice Family Clinic sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Union Health Service Inc ($91.0m), Greater Lawrence Family Health Center Inc ($91.2m) and Southwest Transplant Alliance Inc ($90.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $3.2m (3.8% of expenses). Other salaries and wages came to $42.8m. At year end it held assets of $90.0m against liabilities of $28.3m, net assets of $61.7m. It reported 649 employees.