Lown Cardiovascular Group Inc

Analysis

Lown Cardiovascular Group Inc is a registered charity in United States, based in Chestnut Hill, MA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Lown Cardiovascular Group Inc reported income of $3.0m and spending of $3.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $3.0m (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lown Cardiovascular Group Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Kiryas Joel Volunteer Emergency Medical Services Inc ($3.0m), Levelup Kids Inc ($3.0m) and Emtech Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $960k (30% of expenses). Other salaries and wages came to $876k. At year end it held assets of $2.5m against liabilities of $710k, net assets of $1.8m. It reported 22 employees.