Laredo Life Center

Analysis

Laredo Life Center is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in August 2018, 8 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, Laredo Life Center reported income of $245k and spending of $119k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $179k to $245k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laredo Life Center sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Heartlife Ministries Inc ($245k), The Heart Gallery of New Mexico Foundation ($245k) and Oroville Hope Center ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $59k. At year end it held assets of $232k against liabilities of $87k, net assets of $144k. It reported 3 employees.