Cmit Louisiana LLC

Analysis

Cmit Louisiana LLC is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in March 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 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 September 2023, Cmit Louisiana LLC reported income of $3.6m and spending of $5.3m, spending 146% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $125k to $3.6m (+2784%), an average of +437% a year. The sharpest change came in the year to September 2022, when income rose by 789%. Over the whole period it spent 154% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cmit Louisiana LLC sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include Ronald McDonald House Charities South Texas ($3.6m), The Massachusetts Council on Gaming and Health Inc ($3.6m) and Andrews Research & Education Foundation Inc ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $18.6m against liabilities of $14.8m, net assets of $3.8m.