Laboratory Services Cooperative

Analysis

Laboratory Services Cooperative is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2010, 16 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, Laboratory Services Cooperative reported income of $18.3m and spending of $8.2m, leaving 55% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.3m to $18.3m (-9.6%), an average of -2.5% a year. Over the whole period it spent 45% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Laboratory Services Cooperative sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Union Health Center Inc ($18.3m), Archbold Medical Group Inc ($18.3m) and Charles a Cannon Jr Memorial Hospital Inc ($18.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $204k (2.5% of expenses). At year end it held assets of $7.1m against liabilities of $3.9m, net assets of $3.2m.