Laurel House Inc

Analysis

Laurel House Inc is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in July 1985, 41 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 September 2023, Laurel House Inc reported income of $644k and spending of $795k, spending 123% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.2m to $644k (-46%), an average of -14% a year. The sharpest change came in the year to September 2020, when income dropped by 54%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurel House Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Options Inc ($644k), Truth Publications Inc ($644k) and Olmsted Falls Schools Endowment and Alumni Association ($644k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $214k. At year end it held assets of $2.1m against liabilities of $760k, net assets of $1.3m. It reported 3 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.