Laurel Advocacy and Referral Services Inc

Analysis

Laurel Advocacy and Referral Services Inc is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in May 1988, 38 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 June 2023, Laurel Advocacy and Referral Services Inc reported income of $2.6m and spending of $3.2m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.6m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laurel Advocacy and Referral Services Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Morris County Organization for Hispanic Affairs Inc ($2.6m), San Diego Falun Dafa Association ($2.6m) and Credit Advisors Foundation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $995k. At year end it held assets of $1.2m against liabilities of $326k, net assets of $883k. It reported 17 employees.