Luminis Health Research Institute Inc

Analysis

Luminis Health Research Institute Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Luminis Health Research Institute Inc reported income of $1.9m and spending of $2.4m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.9m (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 141% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Luminis Health Research Institute Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Abortion Fund of Ohio ($1.9m), Providence Williamette Falls Medical Foundation ($1.9m) and Care Care Net Pregnancy Center of Houst ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $1.9m against liabilities of $3.4m, net assets of -$1.6m. It reported 40 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.