Laura Baker School Association

Analysis

Laura Baker School Association is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in May 1979, 47 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, Laura Baker School Association reported income of $6.0m and spending of $7.6m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $6.0m (+0.7%), an average of +0.2% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laura Baker School Association 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 92nd percentile within MN. Charities of a similar size with the same main cause include Essex-Newark Legal Service Project ($6.0m), Rainbow Child Development Center Inc ($6.0m) and Rural Life Foundation Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $147k (1.9% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $5.0m against liabilities of $1.3m, net assets of $3.7m. It reported 179 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.