Laurel-London Optimist Foundation

Analysis

Laurel-London Optimist Foundation is a registered charity in United States, based in London, KY. It received its IRS tax-exemption ruling in October 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Laurel-London Optimist Foundation reported income of $292k and spending of $314k, spending 108% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $227k to $292k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2019, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Laurel-London Optimist Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within KY. Charities of a similar size with the same main cause include Chessed Rifka ($292k), Hisd Gear Up Trust Fund ($292k) and Laurel Lake Retirement Community Foundation Inc ($292k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $1.1m against liabilities of $47k, net assets of $1.0m.