Larchmont Friends of the Family

Analysis

Larchmont Friends of the Family is a registered charity in United States, based in Larchmont, NY. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Larchmont Friends of the Family reported income of $163k and spending of $80k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $163k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Larchmont Friends of the Family sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Junior League of Chattanooga Inc ($163k), Valvoline Instant Oil Change Hands on Assistance Fund Inc ($163k) and Russian River Alliance ($163k).

At year end it held assets of $259k against liabilities of $0, net assets of $259k.