Lao Advancement Organization of America

Analysis

Lao Advancement Organization of America is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lao Advancement Organization of America reported income of $372k and spending of $356k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $372k (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 190%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lao Advancement Organization of America sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Centro Las Olas ($372k), Expanding Frontiers Corp ($372k) and Parent Booster USA Inc ($372k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (17% of expenses). Other salaries and wages came to $79k. At year end it held assets of $483k against liabilities of $9,239, net assets of $474k. It reported 7 employees.