Laguna Beach Seniors Inc

Analysis

Laguna Beach Seniors Inc is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in August 1975, 51 years ago. 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, Laguna Beach Seniors Inc reported income of $1.0m and spending of $673k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $628k to $1.0m (+66%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laguna Beach Seniors Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include St Theresa of Avila Senior Housing Development Fund Corporation ($1.0m), Access Irvine Inc ($1.0m) and New Haven Ballet Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $117k (17% of expenses). Other salaries and wages came to $248k. At year end it held assets of $2.3m against liabilities of $106k, net assets of $2.2m. It reported 7 employees.