Laurel House Incorporated

Analysis

Laurel House Incorporated is a registered charity in United States, based in Mt Braddock, PA. It received its IRS tax-exemption ruling in August 1973, 53 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 Incorporated reported income of $8.7m and spending of $6.8m, leaving 21% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.3m to $8.7m (+163%), an average of +21% a year. The sharpest change came in the year to June 2024, when income rose by 48%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurel House Incorporated sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Accountability Board Inc ($8.7m), Pitch in for Baseball & Softball ($8.7m) and Merakey Chester County ($8.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.0% and program service revenue 97% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $8.5m against liabilities of $2.3m, net assets of $6.3m. It reported 149 employees.