Laona Rescue Unit Inc

Analysis

Laona Rescue Unit Inc is a registered charity in United States, based in Laona, WI. It received its IRS tax-exemption ruling in May 1975, 51 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 December 2023, Laona Rescue Unit Inc reported income of $2.0m and spending of $1.2m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $576k to $2.0m (+246%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 127%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laona Rescue Unit Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Florida State Bnai Brith Senior Citizens Housing Corporation Inc ($2.0m), Vision Loss Alliance of New Jersey Inc ($2.0m) and Fair Housing Council of Oregon ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $159k (14% of expenses). Other salaries and wages came to $342k. At year end it held assets of $939k against liabilities of $99k, net assets of $840k. It reported 16 employees.