Laurel Housing Associates

Analysis

Laurel Housing Associates is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in December 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Housing Associates reported income of $173k and spending of $190k, spending 110% of what it took in. Across the 5 years on record, from April 2020 to December 2023, income grew from $155k to $173k (+11%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Laurel Housing Associates sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within WA. Charities of a similar size with the same main cause include Agape Foundation ($173k), South Pointe Phase III Inc ($173k) and Sakura Foundation ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $354k against liabilities of $632k, net assets of -$278k.