Laurel Creek Inc

Analysis

Laurel Creek Inc is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in June 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 December 2023, Laurel Creek Inc reported income of $141k and spending of $180k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $114k to $141k (+24%), an average of +5.5% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Laurel Creek 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 46th percentile within TN. Charities of a similar size with the same main cause include The Hope House for Women Inc ($141k), Titusville Senior Housing Corporation ($141k) and Abilities at Bartons Landing Inc ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. At year end it held assets of $863k against liabilities of $29k, net assets of $834k.

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.