Lahai Health

Analysis

Lahai Health is a registered charity in United States, based in Lynnwood, WA. It received its IRS tax-exemption ruling in February 2004, 22 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 December 2023, Lahai Health reported income of $2.2m and spending of $1.8m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.2m (+104%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lahai Health sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Hope Clinic for Women ($2.2m), Sky Lakes Medical Center Foundation Inc ($2.2m) and Watsi ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $107k (6.1% of expenses). Other salaries and wages came to $927k. At year end it held assets of $1.7m against liabilities of $240k, net assets of $1.5m. It reported 60 employees.