L a Net Community Health Resourc Network

Analysis

L a Net Community Health Resourc Network is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in November 2012, 14 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 June 2022, L a Net Community Health Resourc Network reported income of $442k and spending of $637k, spending 144% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $1.9m to $442k (-77%), an average of -39% a year. The sharpest change came in the year to June 2021, when income dropped by 74%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, L a Net Community Health Resourc Network sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Healing Consciousness Foundation ($442k), Medbank Foundation Incorporated ($442k) and Medical & Dental Staff of Holy Cross Hospital of Silver Spring ($442k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $150k (24% of expenses). Other salaries and wages came to $231k. At year end it held assets of $171k against liabilities of $493k, net assets of -$322k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.