Laurelbrook Sanitarium and School Incorporated

Analysis

Laurelbrook Sanitarium and School Incorporated is a registered charity in United States, based in Dayton, TN. It received its IRS tax-exemption ruling in July 1961, 65 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Laurelbrook Sanitarium and School Incorporated reported income of $5.1m and spending of $5.2m, spending 103% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $4.3m to $5.1m (+18%), an average of +4.2% a year. The sharpest change came in the year to May 2023, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurelbrook Sanitarium and School Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include Ym-Ywha of Union County Inc ($5.1m), Ramapo Catskill Library System ($5.1m) and Spokane Guilds School and Neuromuscular Center ($5.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 2.2% and program service revenue 95% of the total. At year end it held assets of $3.3m against liabilities of $1.0m, net assets of $2.3m. It reported 58 employees.