Lamprey Health Care Inc

Analysis

Lamprey Health Care Inc is a registered charity in United States, based in Newmarket, NH. It received its IRS tax-exemption ruling in September 1973, 53 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 September 2023, Lamprey Health Care Inc reported income of $22.2m and spending of $22.9m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.8m to $22.2m (+32%), an average of +7.2% a year. 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, Lamprey Health Care Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NH. Charities of a similar size with the same main cause include Buffalo Hearing and Speech Center Inc ($22.2m), Turner House Clinic Inc ($22.3m) and Coteau Des Prairies Hospital ($22.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $713k (3.1% of expenses). Other salaries and wages came to $12.7m. At year end it held assets of $14.6m against liabilities of $4.4m, net assets of $10.1m. It reported 263 employees.