Noalab Clinic Inc

Analysis

Noalab Clinic Inc is a registered charity in United States, based in Valley Glen, CA. It received its IRS tax-exemption ruling in January 2021, 5 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, Noalab Clinic Inc reported income of $470k and spending of $471k, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $371k to $470k (+27%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 158%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Noalab Clinic Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Peaceful Haven Ranch Group Home Inc ($470k), Wise Rescue Squad Inc ($470k) and Open Door Pregnancy Center ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (2.7% of expenses). Other salaries and wages came to $158k. At year end it held assets of $28k against liabilities of $0, net assets of $28k. It reported 10 employees.