Lasante Health Center Inc

Analysis

Lasante Health Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lasante Health Center Inc reported income of $31.6m and spending of $27.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $31.6m (+1196%), an average of +90% a year. The sharpest change came in the year to December 2020, when income rose by 148%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lasante Health Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Indianapolis Jewish Home Inc Hooverwood ($31.5m), Cicatelli Associates Inc ($31.6m) and Penn Mar Organization Inc ($31.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $587k (2.2% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $16.9m against liabilities of $33.9m, net assets of -$16.9m. It reported 186 employees.