Straight Street Laurens Inc

Analysis

Straight Street Laurens Inc is a registered charity in United States, based in Laurens, SC. It received its IRS tax-exemption ruling in January 1995, 31 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, Straight Street Laurens Inc reported income of $296k and spending of $47k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $296k (+550%), an average of +550% a year. The sharpest change came in the year to December 2023, when income rose by 550%. Over the whole period it spent 31% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Straight Street Laurens Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within SC. Charities of a similar size with the same main cause include York County Agricultural Society ($295k), In Step with Horses ($296k) and The Learning Ladder Child Care Ministry Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $25k (53% of expenses). At year end it held assets of $297k against liabilities of $1,139, net assets of $296k. It reported 1 employees.