Laurel District Association

Analysis

Laurel District Association is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 District Association reported income of $429k and spending of $422k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $429k (+99%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Laurel District Association sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Justice Industries Inc ($428k), New United Neighbors Dev Corp ($429k) and Rowayton Civic Association Inc ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $61k (14% of expenses). Other salaries and wages came to $11k. At year end it held assets of $221k against liabilities of $0, net assets of $221k. It reported 6 employees.