Lacasa

Analysis

Lacasa is a registered charity in United States, based in Howell, MI. It received its IRS tax-exemption ruling in August 1981, 45 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, Lacasa reported income of $5.8m and spending of $4.7m, spending 80% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $5.8m (+88%), an average of +17% a year. The sharpest change came in the year to September 2021, when income rose by 168%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lacasa sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Food Pantry of Waukesha County Inc ($5.8m), Theatre Communications Group Inc ($5.8m) and Elderly United of Springfield and Clark County Ohio Inc ($5.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $193k (4.1% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $23.3m against liabilities of $9.9m, net assets of $13.4m. It reported 76 employees.