Overview
What is Worldwide Lab Improvements Inc?
Worldwide Lab Improvements Inc is a nonprofit organization, headquartered in Schoolcraft, Michigan, dedicated to enhancing medical diagnostic capabilities in mission hospitals and clinics in developing countries. Their services include on-site equipment installation, training, and consultations, eliminating the need for patients or specimens to travel long distances for testing. Additionally, they provide hospital information software to optimize operations. In 2021, they responded to 321 requests from 80 mission hospitals and clinics across 57 organizations in 28 countries, demonstrating their extensive global reach and commitment to improving healthcare accessibility. The organization is led by a small team of dedicated professionals.
Official website here: www.wwlab.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Worldwide Lab Improvements Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's overall score is entirely derived from its accountability and finance metrics, where it scored 92%. This rating indicates a high level of financial health and transparency, which is crucial for donor trust and engagement.
One of the notable strengths of Worldwide Lab Improvements Inc is its governance structure, with 60% of its board members being independent, which promotes unbiased decision-making. The nonprofit also scores full marks in key areas such as financial statements, conflict of interest policy, and whistleblower policy, demonstrating robust internal controls and ethical standards. Additionally, the organization maintains a low liabilities to assets ratio of 2.69%, indicating solid financial stability.
However, while the organization has a program expense ratio of 66.48%, which is generally a positive indicator of programmatic focus, it only received 21 out of a possible 25 points in this category. This suggests there may be room for improvement in maximizing the funds directed towards its programs. Overall, Worldwide Lab Improvements Inc stands out for its transparency and governance but should continue to work on optimizing its program expenditures.
This AI summary has been generated from information found on Charity Navigator.
Is Worldwide Lab Improvements Inc legitimate?
Worldwide Lab Improvements Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worldwide Lab Improvements Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,850
For more financial information, click here
Official website here: www.wwlab.org
What is the mission statement of Worldwide Lab Improvements Inc?
Worldwide Lab Improvements Inc's mission is centered around supporting laboratories in mission hospitals and clinics in developing countries. Their primary objective is to enhance diagnostic capabilities in these facilities, either by making them available for the first time or by reducing the need to send patients or specimens to distant labs. In doing so, they aim to improve healthcare accessibility in these regions. The company provides various services, including on-site equipment installation, training, and consultation. Additionally, they offer hospital information software. In 2021, Worldwide Lab Improvements Inc responded to requests from 80 mission hospitals and clinics, representing 57 mission organizations in 28 countries.
Official website here: www.wwlab.org
Who is the CEO of Worldwide Lab Improvements Inc?
Edwin Bos is the President & of Worldwide Lab Improvements Inc.
Official website here: www.wwlab.org
What is the revenue of Worldwide Lab Improvements Inc?
Worldwide Lab Improvements Inc's revenue in 2022 was $569,644.
Official website here: www.wwlab.org
Who are the executives of Worldwide Lab Improvements Inc and what are their salaries?
The average compensation at Worldwide Lab Improvements Inc during 2022 was $50,850. There is 1 employee and 12 volunteers at Worldwide Lab Improvements Inc.
Here are 5 key members and their salaries:
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- Other: $0
- Compensation: $50,850
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.wwlab.org
Where can I find the form 990 for Worldwide Lab Improvements Inc?
Worldwide Lab Improvements Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wwlab.org
Learn more at the official website: www.wwlab.org
Mission Statement of Worldwide Lab Improvements Inc
Worldwide Lab Improvements Inc, a nonprofit organization, is dedicated to supporting laboratories in mission hospitals and clinics situated in developing countries. Their mission is to enhance the diagnostic capabilities of these medical facilities, bridging the gap where such services were either unavailable or required patients or specimens to be sent to distant labs. By serving various nations through on-site visits to install equipment, train personnel, and offer consultations, Worldwide Lab Improvements Inc has significantly contributed to improving medical diagnostics within these mission hospitals and clinics. Furthermore, the organization has provided hospital information software, further bolstering their operations. In 2021, Worldwide Lab Improvements Inc responded to 321 requests from 80 mission hospitals and clinics representing 57 mission organizations in 28 countries, demonstrating their far-reaching impact and commitment to improving healthcare services in developing nations.
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Impact
July, 2024
Worldwide Lab Improvements Inc has made a significant impact by supporting laboratories in mission hospitals and clinics in developing countries. Their on-site visits to install equipment, train staff, and provide consultancy services have resulted in the establishment of much-needed medical diagnostic capabilities in areas where such services were previously unavailable. This has reduced the need for patients or specimens to be sent to distant labs, improving efficiency and patient care.
In 2021 alone, Worldwide Lab Improvements Inc responded to 321 requests from 80 mission hospitals and clinics in 28 countries, representing 57 mission organizations. By providing hospital information software and essential laboratory support, this organization has made a tangible difference in the healthcare infrastructure of these underserved regions. Their dedication to improving medical services in developing countries exemplifies their commitment to making a positive impact on a global scale.
This information is meant to be a general summary of Worldwide Lab Improvements Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $447,788
- Gross Receipts: $1,254,972
Assets and Liabilities:
- Total Assets: $1,178,094
- Total Liabilities: $31,792
- Net Assets: $1,146,302
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Organization Details
Founding Year
1995
Phone
(269) 323-8407Principal Officer
Edwin Bos
Main Address
321 DUNCAN ST, SCHOOLCRAFT, MI, 49087
Website
www.wwlab.orgNTEE Category
Code: Q300 - International
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