Lawrence Hall

Analysis

Lawrence Hall is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1943, 83 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 June 2023, Lawrence Hall reported income of $26.8m and spending of $25.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.7m to $26.8m (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lawrence Hall sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Brothers of Mercy Nursing Home Company Inc ($26.8m), Town and Country Manor Christian & Missionary Alliance ($26.8m) and St Marys Episcopal School ($26.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $491k (1.9% of expenses). Other salaries and wages came to $13.0m. At year end it held assets of $46.1m against liabilities of $16.4m, net assets of $29.6m. It reported 323 employees.