Lasa

Analysis

Lasa is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in June 1992, 34 years ago. 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, Lasa reported income of $2.0m and spending of $1.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $936k to $2.0m (+117%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lasa sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include North Natomas Jibe Walk Bike Bus ($2.0m), Arc of the Capital Area ($2.0m) and United Seamens Service Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $162k (9.1% of expenses). Other salaries and wages came to $258k. At year end it held assets of $5.2m against liabilities of $1.2m, net assets of $4.0m. It reported 13 employees.