Luminis Health Gilchrist Lifecare Institute LLC

Analysis

Luminis Health Gilchrist Lifecare Institute LLC is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in August 2021, 5 years ago. 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 June 2023, Luminis Health Gilchrist Lifecare Institute LLC reported income of $3.8m and spending of $3.0m, leaving 22% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $925k to $3.8m (+313%), an average of +313% a year. The sharpest change came in the year to June 2023, when income rose by 313%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Luminis Health Gilchrist Lifecare Institute LLC sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Long Island Coalition for the Homeless ($3.8m), Lewis Clinic for Educational Therapy ($3.8m) and Metroparks Toledo Foundation ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $681k. At year end it held assets of $2.6m against liabilities of $1.5m, net assets of $1.0m. It reported 11 employees.