Resident Association of Laurel Lake Retirement Community of Hudson Oh

Analysis

Resident Association of Laurel Lake Retirement Community of Hudson Oh is a registered charity in United States, based in Hudson, OH. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Resident Association of Laurel Lake Retirement Community of Hudson Oh reported income of $296k and spending of $312k, spending 105% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $243k to $296k (+22%), an average of +4.0% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Resident Association of Laurel Lake Retirement Community of Hudson Oh sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Mountain Neighborhoods Inc ($296k), Clinton County Services for the Homeless Inc ($297k) and Springdale Housing Phase II Inc ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.