Laurelton Nonprofit Housing Corporation

Analysis

Laurelton Nonprofit Housing Corporation is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Laurelton Nonprofit Housing Corporation reported income of $227k and spending of $237k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $227k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Laurelton Nonprofit Housing Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Dreams 4 All Foundation ($227k), Presbyterian Housing Corp ($228k) and Asi Freeport Senior Housing Inc ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $1.7m against liabilities of $2.3m, net assets of -$641k.