Lacomo Inc

Analysis

Lacomo Inc is a registered charity in United States, based in Higginsville, MO. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lacomo Inc reported income of $146k and spending of $150k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $114k to $146k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lacomo Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within MO. Charities of a similar size with the same main cause include Real Life Ministries ($146k), United Family Service Inc ($146k) and Thadds Place ($146k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $25k. At year end it held assets of $474k against liabilities of $16k, net assets of $459k. It reported 5 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.