Laurel Civic Association Inc

Analysis

Laurel Civic Association Inc is a registered charity in United States, based in Laurel, FL. It received its IRS tax-exemption ruling in March 1991, 35 years ago. 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, Laurel Civic Association Inc reported income of $527k and spending of $493k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $334k to $527k (+58%), an average of +9.5% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurel Civic Association Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Assisi Homes-Kenosha Inc ($526k), STM Elderly Housing Corp ($527k) and Danbury Youth Services Inc ($526k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $115k (23% of expenses). Other salaries and wages came to $204k. At year end it held assets of $654k against liabilities of $13k, net assets of $640k. It reported 10 employees.