Laurel House Inc

Analysis

Laurel House Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in February 1985, 41 years ago. 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 June 2024, Laurel House Inc reported income of $2.6m and spending of $2.6m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $2.6m (+16%), an average of +3.8% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurel House Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Prevention Partnership Inc ($2.6m), Fox River Valley Pipe Trades Education ($2.6m) and Armour Dance Theatre Inc ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $267k (10% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $846k against liabilities of $664k, net assets of $182k. It reported 27 employees.