Laiba Memorial Welfare Organization

Analysis

Laiba Memorial Welfare Organization is a registered charity in United States, based in Downey, CA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Laiba Memorial Welfare Organization reported income of $68k and spending of $69k, spending 101% of its income. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Laiba Memorial Welfare Organization sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Hartsville Community Development Foundation ($68k), Rotary Club of Lancaster Foundation ($68k) and TRV Stewardship Council ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.