Friends of Laurel House Inc

Analysis

Friends of Laurel House Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in June 1988, 38 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of Laurel House Inc reported income of $1.4m and spending of $1.4m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.4m (+28%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of Laurel House Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Street Addiction Institute Incorporated ($1.4m), Ann Childrens Fund Inc ($1.4m) and Voluntary Anti-Doping Association ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $483k. At year end it held assets of $2.4m against liabilities of $379k, net assets of $2.1m.