New Vision Medical Laboratories Inc

Analysis

New Vision Medical Laboratories Inc is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Vision Medical Laboratories Inc reported income of $17.5m and spending of $17.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.0m to $17.5m (+17%), an average of +4.0% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Vision Medical Laboratories Inc 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 OH. Charities of a similar size with the same main cause include Sheridan Community Hospital ($17.5m), CTC Academy Inc ($17.5m) and Peninsula Institute for Community Health Inc ($17.5m).

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 $154k (0.9% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $1.4m against liabilities of $741k, net assets of $705k. It reported 166 employees.