Laramie Senior Housing Inc

Analysis

Laramie Senior Housing Inc is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in July 1980, 46 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Laramie Senior Housing Inc reported income of $836k and spending of $668k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $688k to $836k (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Laramie Senior Housing Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within WY. Charities of a similar size with the same main cause include Thomas Campbell Apartments North ($836k), Bnai Brith Pantano Gardens Inc Arizona Non-Profit Corporation ($837k) and CH Development Association ($836k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 36% of the total. At year end it held assets of $3.1m against liabilities of $2.7m, net assets of $389k.