Laurence School

Analysis

Laurence School is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in December 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Laurence School reported income of $17.1m and spending of $16.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.5m to $17.1m (+36%), an average of +8.0% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laurence School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Robert M Hearin Support Foundation ($17.1m), Cleveland State University Foundation ($17.1m) and St Davids School ($17.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $815k (4.9% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $50.4m against liabilities of $16.5m, net assets of $33.9m. It reported 98 employees.