Lapuente Home Incorporated

Analysis

Lapuente Home Incorporated is a registered charity in United States, based in Alamosa, CO. It received its IRS tax-exemption ruling in March 1982, 44 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 2023, Lapuente Home Incorporated reported income of $16.8m and spending of $20.7m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $16.8m (+438%), an average of +52% a year. The sharpest change came in the year to June 2022, when income rose by 184%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lapuente Home Incorporated sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Society of Saint Vincent de Paul Archdiocesan Council of Miami Inc ($16.8m), Wellness West Inc ($16.8m) and Great Lakes Behavioral Research Institute ($16.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $3.9m against liabilities of $454k, net assets of $3.4m. It reported 117 employees.