Laurel Quality of Life Inc

Analysis

Laurel Quality of Life Inc is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Quality of Life Inc reported income of $85k and spending of $111k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $85k (+6.4%), an average of +1.6% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Laurel Quality of Life Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include Walnut Housing Development Corp ($85k), Connect Family Center Inc ($85k) and LSS Housing Center Street Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $1.3m against liabilities of $1.1m, net assets of $277k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.