Ladacin Network Inc

Analysis

Ladacin Network Inc is a registered charity in United States, based in Ocean, NJ. It received its IRS tax-exemption ruling in January 1976, 50 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 June 2023, Ladacin Network Inc reported income of $32.3m and spending of $30.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.1m to $32.3m (+15%), an average of +3.5% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ladacin Network Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Montgomery General Hospital Inc ($32.3m), Milwaukee Regional Medical Center Thermal Service Inc ($32.3m) and Abbe Center for Community Mental Health Inc ($32.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $690k (2.3% of expenses). Other salaries and wages came to $20.3m. At year end it held assets of $24.9m against liabilities of $6.2m, net assets of $18.7m. It reported 578 employees.