Laurent House Foundation Inc

Analysis

Laurent House Foundation Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Laurent House Foundation Inc reported income of $397k and spending of $163k, leaving 59% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $444k to $397k (-11%), an average of -2.8% a year. The sharpest change came in the year to September 2023, when income rose by 127%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laurent House Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Bighouse Inc ($397k), Abundant Hope Pregnancy Resource Center Inc ($397k) and Leos Pride Foundation ($397k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 23% of the total. At year end it held assets of $2.3m against liabilities of $237k, net assets of $2.1m.