Compunet Clinical Laboratories LLC

Analysis

Compunet Clinical Laboratories LLC is a registered charity in United States, based in Moraine, OH. It received its IRS tax-exemption ruling in September 2020, 6 years ago. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Compunet Clinical Laboratories LLC reported income of $125.5m and spending of $117.2m, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $99.1m to $125.5m (+27%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Compunet Clinical Laboratories LLC sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Acero Charter Schools Inc ($124.4m), Elizabeth Seton Pediatric Center ($125.9m) and Oak Ridge Associated Universities Inc ($123.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $559k (0.5% of expenses). Other salaries and wages came to $47.4m. At year end it held assets of $50.0m against liabilities of $14.5m, net assets of $35.5m. It reported 1,247 employees.