Lao Family Community Development Inc

Analysis

Lao Family Community Development Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Lao Family Community Development Inc reported income of $23.2m and spending of $23.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $23.2m (+194%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lao Family Community Development Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Farmworkers Institute of Education and Leadership Development Inc ($23.1m), Summit School ($23.2m) and Willows Community School ($23.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $762k (3.3% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $62.1m against liabilities of $53.3m, net assets of $8.8m. It reported 667 employees.