Laurel House

Analysis

Laurel House is a registered charity in United States, based in Newark, NY. It received its IRS tax-exemption ruling in May 2016, 10 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, Laurel House reported income of $231k and spending of $212k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $182k to $231k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laurel House sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Waukegan Supportive Housig NFP ($231k), Texas Victim Services Association Incorporated ($231k) and Peace Through Action USA ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $144k. At year end it held assets of $63k against liabilities of $0, net assets of $63k. It reported 5 employees.