Association for Diagnostics & Laboratory Medicine Inc

Analysis

Association for Diagnostics & Laboratory Medicine Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Association for Diagnostics & Laboratory Medicine Inc reported income of $23.8m and spending of $23.5m, spending 98% of its income. Across the 6 years on record, from December 2019 to March 2024, income fell from $24.4m to $23.8m (-2.3%), an average of -0.5% a year. The sharpest change came in the year to March 2021, when income rose by 1532%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Association for Diagnostics & Laboratory Medicine Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 94th percentile within DC. Charities of a similar size with the same main cause include Wayside Schools ($23.8m), Capstone Education Group Inc ($23.8m) and University at Albany Foundation ($23.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 7.1% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.8m (7.7% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $38.6m against liabilities of $22.0m, net assets of $16.6m. It reported 73 employees.