Laurel Estates Inc

Analysis

Laurel Estates Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in July 1976, 50 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 Estates Inc reported income of $143k and spending of $113k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $143k (+6.2%), an average of +6.2% a year. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Laurel Estates Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within SC. Charities of a similar size with the same main cause include Carbondale Supportive Housing Inc ($143k), Neighborhood Development Enterprises Inc ($143k) and Brook View Gardens Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $231k against liabilities of $17k, net assets of $214k.