Laolam

Analysis

Laolam is a registered charity in United States, based in Leavenworth, WA. It received its IRS tax-exemption ruling in July 2001, 25 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 December 2023, Laolam reported income of $370k and spending of $334k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $221k to $370k (+68%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laolam sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within WA. Charities of a similar size with the same main cause include Hospice Support Foundation ($370k), Box Elder Family Support Center Inc ($370k) and 431 Ministries ($370k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $7,000 (2.1% of expenses). At year end it held assets of $65k against liabilities of $0, net assets of $65k.