Extracorporeal Life Support Organization

Analysis

Extracorporeal Life Support Organization is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in June 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Extracorporeal Life Support Organization reported income of $5.3m and spending of $4.5m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $5.3m (+75%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Extracorporeal Life Support Organization sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Musc Health ($5.3m), Platte Valley Healthcare Project ($5.3m) and Nashua Regional Cancer Center Inc ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $562k (13% of expenses). Other salaries and wages came to $209k. At year end it held assets of $8.1m against liabilities of $2.4m, net assets of $5.7m. It reported 5 employees.