Arts, Culture & Humanities
(A6B)
990 on File
LAUREL LAKE RETIREMENT COMMUNITY INC
Financial strength (30%)
83/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$29.9M
Total Revenue
$26.2M
Total Expenses
$24.2M
Net Assets
274
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
87.3%
Fundraising Efficiency
N/A
Operating Reserve
11.09x
Liability-to-Asset
74.8%
Revenue Diversification
83.6%
Executive Compensation
$539K
Compared with Peers
FY 2023
Compared with 655 similar organizations
(United States, Arts, Culture & Humanities, $10M–$100M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
87.3% | 79.6% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.2% | 13.1% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.5% | 6.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.1 mo | 28.2 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
74.8% | 13.6% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
83.6% | 72.1% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
17.9% | -2.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
1.9% | 12.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
12.5% | 0.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $29.9M | $26.2M | $24.2M | 87.3% | 274 |
| 2022 | $25.4M | $25.7M | $20.0M | 86.5% | 277 |
| 2021 | $26.9M | $25.1M | N/A | — | 305 |
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