Laal NYC

Analysis

Laal NYC is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 July 2023, Laal NYC reported income of $583k and spending of $525k, spending 90% of its income. Across the 3 years on record, from July 2021 to July 2023, income grew from $259k to $583k (+125%), an average of +50% a year. The sharpest change came in the year to July 2022, when income rose by 68%. Over the whole period it spent 93% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Laal NYC sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Liberty Fund Inc ($583k), Interfaith Council for Peace & Justice ($583k) and Elementz ($582k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $77k (15% of expenses). Other salaries and wages came to $240k. It paid $9,038 in professional fundraising fees. At year end it held assets of $215k against liabilities of $12k, net assets of $203k.