Laurel Lake Retirement Community Foundation Inc

Analysis

Laurel Lake Retirement Community Foundation Inc is a registered charity in United States, based in Hudson, OH. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Laurel Lake Retirement Community Foundation Inc reported income of $292k and spending of $314k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $292k (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 215%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Laurel Lake Retirement Community Foundation Inc sits at the 65th percentile: it is larger than about 65% 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 Onalaska Enhancement Foundation Inc ($291k), Chessed Rifka ($292k) and Tampa Bay Area Credit Unions for Kids Inc ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $12k. At year end it held assets of $5.7m against liabilities of $605k, net assets of $5.1m.