Matthews Free Medical Clinic
EIN: 510468874 · Matthews, NC · NTEE: E30
Is Matthews Free Medical Clinic Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Matthews Free Medical Clinic
Matthews Free Medical Clinic (EIN: 510468874) is a nonprofit organization based in Matthews, NC, classified under NTEE code E30. The organization reported total revenue of $2.6M and total assets of $715K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Matthews Free Medical Clinic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Matthews Free Medical Clinic is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$53K |
| Total Assets | $686K |
| Total Liabilities | $19K |
| Net Assets | $667K |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 4.3 months |
Financial Health Grade: A
In 2023, Matthews Free Medical Clinic reported a surplus of $53K with revenue exceeding expenses, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Matthews Free Medical Clinic's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.9% | +24.4% | +8.0% |
| 2022 | +4.6% | +10.9% | -2.2% |
| 2021 | +6.6% | +0.4% | +6.5% |
| 2020 | +4.3% | +6.8% | +10.6% |
| 2019 | +6.6% | +1.6% | +5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Matthews Free Medical Clinic has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Matthews Free Medical Clinic with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $53K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Frequently Asked Questions about Matthews Free Medical Clinic
Is Matthews Free Medical Clinic a legitimate charity?
Based on AI analysis of IRS 990 filings, Matthews Free Medical Clinic (EIN: 510468874) insufficient data. 0 red flags identified, 0 strengths noted.
How does Matthews Free Medical Clinic spend its money?
Detailed spending breakdown data is not yet available for Matthews Free Medical Clinic. Check back for updated IRS 990 analysis.
Are donations to Matthews Free Medical Clinic tax-deductible?
Matthews Free Medical Clinic is registered as a tax-exempt nonprofit (EIN: 510468874). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Matthews Free Medical Clinic showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Matthews Free Medical Clinic's revenue has grown by 115%, moving from $905K to $1.9M. Total assets increased by 61.2% over the same period, from $425K to $686K. Total functional expenses rose by 111.5%, from $896K to $1.9M. In its most recent filing year (2023), Matthews Free Medical Clinic reported a surplus of $53K, with revenue exceeding expenses. The organization holds $19K in liabilities against $686K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $667K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.9M | $686K | $19K | — | — |
| 2022 | $1.5M | $1.5M | $635K | $21K | — | View 990 |
| 2021 | $1.5M | $1.4M | $649K | $34K | — | View 990 |
| 2020 | $1.4M | $1.4M | $610K | $76K | — | — |
| 2019 | $1.3M | $1.3M | $551K | $15K | — | View 990 |
| 2018 | $1.2M | $1.3M | $521K | $13K | — | View 990 |
| 2017 | $1.6M | $1.6M | $589K | $48K | — | View 990 |
| 2016 | $1.2M | $1.3M | $534K | $10K | — | View 990 |
| 2015 | $1.0M | $1.0M | $558K | $11K | — | View 990 |
| 2014 | $915K | $976K | $555K | $12K | — | View 990 |
| 2013 | $1.1M | $1.1M | $612K | $8K | — | View 990 |
| 2012 | $1.1M | $896K | $594K | $8K | — | View 990 |
| 2011 | $905K | $896K | $425K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.9M, and assets of $686K (revenue +27.9% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $635K (revenue +4.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $649K (revenue +6.6% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $610K (revenue +4.3% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $551K (revenue +6.6% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.3M, and assets of $521K (revenue -22.4% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $589K (revenue +26.6% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.3M, and assets of $534K (revenue +21.8% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.0M, and assets of $558K (revenue +11.9% year-over-year).
- 2014: Revenue of $915K, expenses of $976K, and assets of $555K (revenue -15.0% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $612K (revenue +1.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $896K, and assets of $594K (revenue +17.5% year-over-year).
- 2011: Revenue of $905K, expenses of $896K, and assets of $425K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Matthews Free Medical Clinic:
Data Sources and Methodology
This transparency report for Matthews Free Medical Clinic is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.