Larchmont Manor Park Society

Analysis

Larchmont Manor Park Society is a registered charity in United States, based in Larchmont, NY. It received its IRS tax-exemption ruling in May 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Larchmont Manor Park Society reported income of $1.1m and spending of $673k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $879k to $1.1m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Larchmont Manor Park Society 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 76th percentile within NY. Charities of a similar size with the same main cause include Maryland Association of Community Colleges Inc ($1.1m), Tash Inc ($1.1m) and Airport Corridor Transportation Assoc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 85% of the total. Other salaries and wages came to $352k. At year end it held assets of $2.4m against liabilities of $32k, net assets of $2.4m.