Laotong Yoga

Analysis

Laotong Yoga is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in March 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 December 2023, Laotong Yoga reported income of $92k and spending of $73k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $92k (+85%), an average of +85% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laotong Yoga sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within WV. Charities of a similar size with the same main cause include Echo USA Inc ($92k), Angels in Waiting ($92k) and Heavy Hands Heavy Hearts Foundation ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $122k against liabilities of $3,580, net assets of $118k.