Laotian Mutual Assistance Association

Analysis

Laotian Mutual Assistance Association is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in January 1986, 40 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 December 2023, Laotian Mutual Assistance Association reported income of $53k and spending of $64k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $255k to $53k (-79%), an average of -79% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laotian Mutual Assistance Association sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within OH. Charities of a similar size with the same main cause include Oceanport PTO ($53k), Habitat for Humanity International Inc ($53k) and Friends of the Moraga Public Library ($53k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.