Sports Medicine Research and Testing Laboratory

Analysis

Sports Medicine Research and Testing Laboratory is a registered charity in United States, based in South Jordan, UT. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a organisation that tests for public safety under section 501(c)(3).

In the financial year ending June 2023, Sports Medicine Research and Testing Laboratory reported income of $15.0m and spending of $12.0m, spending 80% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.8m to $15.0m (+53%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 743%. Over the whole period it spent 54% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sports Medicine Research and Testing Laboratory sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within UT. Charities of a similar size with the same main cause include Independent Dialysis Foundation Inc ($15.0m), Riverspring Licensed Home Care Services Agency Inc ($15.0m) and Atlanta Association for Convalescent Aged Persons Inc ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.5m (12% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $77.0m against liabilities of $1.7m, net assets of $75.3m. It reported 51 employees.