Lafh Phase II Qalicb Inc

Analysis

Lafh Phase II Qalicb Inc is a registered charity in United States, based in N Hollywood, CA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lafh Phase II Qalicb Inc reported income of $17.8m and spending of $740k, leaving 96% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $17.8m (+802%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 5004%. Over the whole period it spent 24% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lafh Phase II Qalicb Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Full Life Care ($17.7m), Ocean State Job Lot Charitable Foundation ($17.8m) and Marjaree Mason Center Inc ($17.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 1.6% of the total. At year end it held assets of $15.9m against liabilities of $33k, net assets of $15.8m.