Laurel Community Center Org Inc

Analysis

Laurel Community Center Org Inc is a registered charity in United States, based in Marshall, NC. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Laurel Community Center Org Inc reported income of $295k and spending of $151k, leaving 49% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $119k to $295k (+148%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laurel Community Center Org 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 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Latrobe Art Center ($295k), Irish Dance Teachers Association of North America-Southern Region Inc ($295k) and Confluence Gallery and Art Center ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.