Lumina Imaging

Analysis

Lumina Imaging is a registered charity in United States, based in Mentor, OH. It received its IRS tax-exemption ruling in August 2022, 4 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, Lumina Imaging reported income of $4.6m and spending of $3.9m, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $263k to $4.6m (+1631%), an average of +159% a year. The sharpest change came in the year to December 2021, when income rose by 1394%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lumina Imaging sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Warriors & Quiet Waters Foundation ($4.6m), Hero S Journey Foundation ($4.6m) and Spring Valley Health Care Center Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $140k (3.6% of expenses). Other salaries and wages came to $806k. At year end it held assets of $4.3m against liabilities of $3.7m, net assets of $564k. It reported 14 employees.