Laboure College of Healthcare

Analysis

Laboure College of Healthcare is a registered charity in United States, based in Milton, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Laboure College of Healthcare reported income of $21.2m and spending of $21.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.9m to $21.2m (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laboure College of Healthcare sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include On with Life Inc ($21.2m), Union Gospel Mission of Tarrant County ($21.2m) and Community Youth Center of San Francisco ($21.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.3m (6.3% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $46.9m against liabilities of $12.3m, net assets of $34.6m. It reported 276 employees.