Laurel House

Analysis

Laurel House is a registered charity in United States, based in Norristown, PA. It received its IRS tax-exemption ruling in January 1982, 44 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 June 2023, Laurel House reported income of $4.5m and spending of $4.2m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.1m to $4.5m (+42%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laurel House sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Southeast Kansas Area Agency on Aging Inc ($4.5m), Meals on Wheels of the Greater Lehigh Valley Inc ($4.5m) and Kosciusko Community Y M C a Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $120k (2.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $8.5m against liabilities of $1.2m, net assets of $7.3m. It reported 81 employees.