Lasos

Analysis

Lasos is a registered charity in United States, based in Bel Air, MD. It received its IRS tax-exemption ruling in August 2009, 17 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, Lasos reported income of $251k and spending of $288k, spending 115% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $213k to $251k (+17%), an average of +8.3% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lasos sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include New4you ($251k), Fann Cleaning Services Inc ($251k) and Cozad Haymaker Grand Generation Inc ($250k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $128k. At year end it held assets of $90k against liabilities of $13k, net assets of $77k. It reported 16 employees.