Laboure Society

Analysis

Laboure Society is a registered charity in United States, based in Eagan, MN. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Laboure Society reported income of $2.9m and spending of $2.6m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $2.9m (+8.3%), an average of +2.0% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Laboure Society sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include A Lift for Life Outreach Center Inc ($2.9m), Nassau County Ahrc Foundation Inc ($2.9m) and Kwi ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $192k (7.5% of expenses). Other salaries and wages came to $609k. At year end it held assets of $5.9m against liabilities of $3.5m, net assets of $2.4m. It reported 16 employees.