Loudoun Laurels

Analysis

Loudoun Laurels is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Loudoun Laurels reported income of $271k and spending of $310k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $738k to $271k (-63%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 79%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Loudoun Laurels sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Puget Sound Access ($271k), Annandale Art and Textile Center ($271k) and Long X Arts Foundation ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $42k (14% of expenses). Other salaries and wages came to $27k. At year end it held assets of $512k against liabilities of $0, net assets of $512k. It reported 1 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.