Lecom Health Risk Retention Group

Analysis

Lecom Health Risk Retention Group is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in April 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lecom Health Risk Retention Group reported income of $7.0m and spending of $3.0m, leaving 56% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.4m to $7.0m (+192%), an average of +71% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 62% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lecom Health Risk Retention Group sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include LMH Health Foundation ($7.0m), Baltimore Research & Education Foundation Inc ($7.0m) and South Dakota Lions Eye and Tissue Bank Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $14.5m against liabilities of $8.2m, net assets of $6.3m.