Laundrycares Foundation

Analysis

Laundrycares Foundation is a registered charity in United States, based in Oakbrook Ter, IL. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Laundrycares Foundation reported income of $428k and spending of $541k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $704k to $428k (-39%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 336%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laundrycares Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Washington County Food Bank Inc ($428k), Family Counseling Service of Northern Utah Inc ($428k) and A Supportive Community for All ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $131k (24% of expenses). Other salaries and wages came to $48k. At year end it held assets of $196k against liabilities of $77k, net assets of $120k. It reported 1 employees.