LA Red Health Center Inc

Analysis

LA Red Health Center Inc is a registered charity in United States, based in Georgetown, DE. It received its IRS tax-exemption ruling in January 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LA Red Health Center Inc reported income of $14.8m and spending of $14.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.9m to $14.8m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, LA Red Health Center Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within DE. Charities of a similar size with the same main cause include Memphis Lung Physicians Foundation Inc ($14.8m), Dickinson Center Inc ($14.8m) and Community Health Improvement Center ($14.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $808k (5.7% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $19.3m against liabilities of $8.4m, net assets of $10.9m. It reported 190 employees.