Is Healthreach Community Clinic Legit?

Healthreach Community Clinic demonstrates a strong commitment to its program services, consistently allocating a significant portion of its expenses to direct charitable activities. For instance, in the 202406 period, program service expenses constituted 85% of total expenses, indicating efficient use of funds towards its mission. The organization has also shown substantial growth in revenue and assets over the past few years, with revenue increasing from $657,835 in 202106 to $2,693,054 in 202406, and assets growing from $689,956 to $2,320,493 in the same period. This growth suggests increasing capacity to serve its community. However, the organization experienced a deficit in the 202406 period, with expenses exceeding revenue by over $540,000. This, coupled with a significant increase in liabilities to $4,611,000 in 202406 from $5,761 in 202306, warrants closer examination. While the program spending ratio remains high, the sudden surge in liabilities and the operating deficit could indicate new capital projects or operational challenges that need to be managed carefully to maintain long-term financial stability. The consistent reporting of 0% officer compensation across all filings enhances transparency and suggests a volunteer-driven leadership or compensation structure that prioritizes program funding. Overall, Healthreach Community Clinic appears to be a program-focused organization with a history of growth. Its high program spending ratio is commendable. However, the recent financial period's deficit and substantial increase in liabilities are areas that require monitoring to ensure continued financial health and sustainability.