Laceleaf Corporation

Analysis

Laceleaf Corporation is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in July 2003, 23 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 June 2024, Laceleaf Corporation reported income of $112k and spending of $162k, spending 146% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $104k to $112k (+7.3%), an average of +1.8% a year. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Laceleaf Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within OR. Charities of a similar size with the same main cause include Hurford House Inc ($111k), LA Frontera Housing Incorporated ($112k) and Mountaineer Development Corporation ($111k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $1.2m against liabilities of $56k, net assets of $1.1m.

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.