Lourdes Cardiology Services PC

Analysis

Lourdes Cardiology Services PC is a registered charity in United States, based in Marlton, NJ. It received its IRS tax-exemption ruling in December 2012, 14 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 December 2023, Lourdes Cardiology Services PC reported income of $13.1m and spending of $13.1m, spending 100% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $26.7m to $13.1m (-51%), an average of -13% a year. The sharpest change came in the year to December 2019, when income dropped by 100%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lourdes Cardiology Services PC sits at the 86th 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 NJ. Charities of a similar size with the same main cause include Twin Cedars Youth and Family Services Inc ($13.1m), Westcare Nevada Inc ($13.1m) and Great Lakes Recovery Centers Inc ($13.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.6m (12% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $842k against liabilities of $840k, net assets of $1,953. It reported 55 employees.