Lasell Village Inc

Analysis

Lasell Village Inc is a registered charity in United States, based in Auburndale, MA. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Lasell Village Inc reported income of $24.9m and spending of $27.0m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $29.2m to $24.9m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2020, when income dropped by 28%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lasell Village Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Federation of Appalachian Housing Enterprises Inc ($24.9m), Hollenbeck Palms ($25.0m) and The Lutheran Village at Millers Grant Inc ($24.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $277k (1.0% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $100.7m against liabilities of $134.6m, net assets of -$33.9m. It reported 246 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.