Laundry Workers Center Inc

Analysis

Laundry Workers Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Laundry Workers Center Inc reported income of $518k and spending of $303k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $518k (+107%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laundry Workers Center Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Mano Amiga SM ($518k), Hearts and Hands Faith in Action ($518k) and Yuma Childrens Academy ($518k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $135k (45% of expenses). Other salaries and wages came to $35k. At year end it held assets of $769k against liabilities of $5,066, net assets of $764k. It reported 3 employees.