Luminis Health Inc

Analysis

Luminis Health Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in June 1990, 36 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 2023, Luminis Health Inc reported income of $135.4m and spending of $134.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $135.4m (+2446%), an average of +125% a year. The sharpest change came in the year to June 2021, when income rose by 3093%. Over the whole period it spent 100% 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 Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Five Pointe Professional Liability Insurance Company ($135.4m), Roper St Francis Hospital-Berkeley Inc ($135.6m) and Armstrong County Memorial Hospital ($135.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $4.3m (3.2% of expenses). Other salaries and wages came to $51.3m. At year end it held assets of $759.5m against liabilities of $145.4m, net assets of $614.0m. It reported 772 employees.