University Lab Partners

Analysis

University Lab Partners is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in February 2020, 6 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, University Lab Partners reported income of $5.0m and spending of $5.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $5.0m (+82%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 29%. 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, University Lab Partners sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Scott & White Emergency Medical Services ($5.0m), Shawnee Christian Healthcare Center Inc ($5.0m) and Denver Research Institute ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $318k (6.2% of expenses). Other salaries and wages came to $491k. It paid $39k in professional fundraising fees. At year end it held assets of $8.2m against liabilities of $5.7m, net assets of $2.5m. It reported 18 employees.