Health Assessment Lab Inc

Analysis

Health Assessment Lab Inc is a registered charity in United States, based in Hingham, MA. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover medical research, 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, Health Assessment Lab Inc reported income of $223k and spending of $430k, spending 193% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $897k to $223k (-75%), an average of -29% a year. The sharpest change came in the year to December 2021, when income rose by 581%. Over the whole period it spent 143% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Assessment Lab Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Patty Brisben Foundation for Womens Sexual Health ($223k), Abwm Foundation ($223k) and Illumination Pathology ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $140k (32% of expenses). At year end it held assets of $4.2m against liabilities of $448k, net assets of $3.7m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.