Laurel House Inc
Laurel House Inc: Consistent Revenue, Declining Assets, and Compensation Concerns
EIN: 222511467 · Stamford, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.6M |
| Program Spending | 75% |
| Net Assets | $182K |
| Transparency Score | 75/100 |
Is Laurel House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laurel House Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laurel House Inc
Laurel House Inc (EIN: 222511467) is a nonprofit organization based in Stamford, CT. The organization reported total revenue of $2.9M and total assets of $966K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laurel House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laurel House Inc is a mid-size nonprofit that has been operating for 41 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$19K |
| Total Assets | $846K |
| Total Liabilities | $664K |
| Net Assets | $182K |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 78.5% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2024, Laurel House Inc reported a surplus of $19K with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 78.5% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Laurel House Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.1% | +7.0% | -4.1% |
| 2023 | +1.5% | +4.0% | -16.1% |
| 2022 | +7.5% | +4.3% | -8.9% |
| 2021 | -2.5% | +1.9% | -33.7% |
| 2020 | +1.0% | +1.3% | +75.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Laurel House Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Laurel House Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 78.5%.
Executive Compensation Analysis
Executive compensation details are not provided in the given data, preventing a specific assessment of its reasonableness relative to the organization's size and mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Laurel House Inc's IRS 990 filings:
- Total assets have shown a significant decline from $1,741,051 in 2020 to $845,733 in 2024, warranting further investigation into the cause.
- The organization consistently reports 0% fundraising costs ('c0%'), which is unusual and may indicate a lack of transparency or an alternative funding model not fully explained.
Strengths
The following positive indicators were identified for Laurel House Inc:
- Laurel House Inc. demonstrates consistent revenue generation, maintaining over $2.2 million annually for the past eight years.
- The organization has consistently operated with a positive net income in most years, indicating sound financial management of its core operations.
Frequently Asked Questions about Laurel House Inc
Is Laurel House Inc a legitimate charity?
Laurel House Inc (EIN: 222511467) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.9M. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does Laurel House Inc spend its money?
Laurel House Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Laurel House Inc tax-deductible?
Laurel House Inc is registered as a tax-exempt nonprofit (EIN: 222511467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Laurel House Inc's spending goes to programs?
Laurel House Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Laurel House Inc located?
Laurel House Inc is headquartered in Stamford, Connecticut and files with the IRS under EIN 222511467.
How many years of IRS 990 filings does Laurel House Inc have?
Laurel House Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.9M in total revenue.
What does Laurel House Inc do?
Laurel House Inc is a nonprofit organization in the Unknown sector, located in Stamford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Laurel House Inc have?
Laurel House Inc reported total revenue of $2,855,013. Based on 14 IRS 990 filings on record.
What are Laurel House Inc's total assets?
Laurel House Inc holds total assets of $965,895 as reported in IRS 990 filings.
Where is Laurel House Inc located?
Laurel House Inc is based in Stamford, Connecticut.
What is Laurel House Inc's EIN?
Laurel House Inc's Employer Identification Number (EIN) is 222511467. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Laurel House Inc?
Laurel House Inc is classified under NTEE code Unknown (Unknown).
Is Laurel House Inc a registered 501(c)(3)?
Laurel House Inc appears in IRS records (EIN: 222511467). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Laurel House Inc file IRS Form 990?
Yes, Laurel House Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Laurel House Inc's revenue in 2024?
In the 202406 filing period, Laurel House Inc reported total revenue of $2,632,512, total expenses of $2,613,521, and net assets of $845,733.
Is Laurel House Inc's revenue growing or declining?
Laurel House Inc's revenue is growing. Revenue went from $2,412,983 (202306) to $2,632,512 (202406), a +9.1% change. Based on 14 filings on record.
What is Laurel House Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Laurel House Inc covers tax period 202406. It shows revenue of $2,632,512, expenses of $2,613,521, total assets of $845,733, and liabilities of $663,923.
How much does Laurel House Inc spend on programs vs administration?
Based on IRS 990 analysis, Laurel House Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Laurel House Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Laurel House Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Laurel House Inc?
The following concerns were identified: Total assets have shown a significant decline from $1,741,051 in 2020 to $845,733 in 2024, warranting further investigation into the cause.. The organization consistently reports 0% fundraising costs ('c0%'), which is unusual and may indicate a lack of transparency or an alternative funding model not fully explained.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Laurel House Inc's strengths?
Positive indicators for Laurel House Inc include: Laurel House Inc. demonstrates consistent revenue generation, maintaining over $2.2 million annually for the past eight years.. The organization has consistently operated with a positive net income in most years, indicating sound financial management of its core operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Laurel House Inc compensate executives?
Executive compensation details are not provided in the given data, preventing a specific assessment of its reasonableness relative to the organization's size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial decrease in total assets from $1,741,051 in 2020 to $845,733 in 2024?
The provided data does not specify the reasons for the asset decline; further investigation into financial statements would be needed to understand if this is due to asset sales, depreciation, or other factors.
How does Laurel House Inc. manage to report 0% fundraising costs consistently across all years, and what implications does this have for their funding model?
A consistent 0% fundraising cost is highly unusual and suggests either that fundraising expenses are being categorized elsewhere (e.g., administrative), or the organization relies entirely on non-fundraising revenue streams, such as government grants or endowments, without incurring direct fundraising costs. This warrants further scrutiny into their revenue sources and expense allocation.
Filing History
IRS 990 filing history for Laurel House Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Laurel House Inc's revenue has grown by 7.2%, moving from $2.5M to $2.6M. Total assets decreased by 5.1% over the same period, from $891K to $846K. Total functional expenses rose by 2.4%, from $2.6M to $2.6M. In its most recent filing year (2024), Laurel House Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $664K in liabilities against $846K in assets (debt-to-asset ratio: 78.5%), resulting in net assets of $182K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.6M | $2.6M | $846K | $664K | — | View 990 |
| 2023 | $2.4M | $2.4M | $882K | $719K | — | View 990 |
| 2022 | $2.4M | $2.3M | $1.1M | $859K | — | View 990 |
| 2021 | $2.2M | $2.3M | $1.2M | $991K | — | View 990 |
| 2020 | $2.3M | $2.2M | $1.7M | $1.5M | — | View 990 |
| 2019 | $2.2M | $2.2M | $993K | $847K | — | View 990 |
| 2018 | $2.2M | $2.3M | $945K | $863K | — | View 990 |
| 2017 | $2.4M | $2.4M | $1.1M | $927K | — | View 990 |
| 2016 | $2.4M | $2.3M | $1.0M | $934K | — | View 990 |
| 2015 | $2.3M | $2.3M | $786K | $805K | — | View 990 |
| 2014 | $2.4M | $2.4M | $743K | $758K | — | View 990 |
| 2013 | $2.7M | $2.5M | $743K | $721K | — | View 990 |
| 2012 | $2.4M | $2.6M | $799K | $911K | — | View 990 |
| 2011 | $2.5M | $2.6M | $891K | $800K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.6M, expenses of $2.6M, and assets of $846K (revenue +9.1% year-over-year).
- 2023: Revenue of $2.4M, expenses of $2.4M, and assets of $882K (revenue +1.5% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.3M, and assets of $1.1M (revenue +7.5% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.3M, and assets of $1.2M (revenue -2.5% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.2M, and assets of $1.7M (revenue +1.0% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.2M, and assets of $993K (revenue +1.0% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.3M, and assets of $945K (revenue -7.1% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.4M, and assets of $1.1M (revenue -1.2% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.3M, and assets of $1.0M (revenue +4.7% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.3M, and assets of $786K (revenue -3.5% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.4M, and assets of $743K (revenue -10.6% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.5M, and assets of $743K (revenue +11.5% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.6M, and assets of $799K (revenue -2.0% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.6M, and assets of $891K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laurel House Inc:
Data Sources and Methodology
This transparency report for Laurel House Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.