Laurentian Hall Associates Inc

Analysis

Laurentian Hall Associates Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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 December 2023, Laurentian Hall Associates Inc reported income of $506k and spending of $547k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $458k to $506k (+11%), an average of +2.5% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurentian Hall Associates Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include National Church Residences of ($506k), Law Focused Education Inc ($506k) and Lassen County Senior Housing Council Inc ($506k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 31% of the total. At year end it held assets of $1.0m against liabilities of $2.4m, net assets of -$1.4m.

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.