Luminis Health Anne Arundel Medical Center Foundation Inc

Analysis

Luminis Health Anne Arundel Medical Center Foundation Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in May 1984, 42 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 June 2023, Luminis Health Anne Arundel Medical Center Foundation Inc reported income of $6.8m and spending of $5.8m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.9m to $6.8m (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2021, when income dropped by 42%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Luminis Health Anne Arundel Medical Center Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Suite 130 Plastic Surgery PC ($6.8m), Chemical Abuse Services Agency Inc ($6.8m) and Magnolia Manor of Liberty County Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $240k (4.1% of expenses). Other salaries and wages came to $910k. At year end it held assets of $33.8m against liabilities of $11.7m, net assets of $22.1m. It reported 12 employees.