Friends of Larche Inc

Analysis

Friends of Larche Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 February 2024, Friends of Larche Inc reported income of $210k and spending of $303k, spending 144% of what it took in. Across the 6 years on record, from December 2019 to February 2024, income fell from $1.5m to $210k (-86%), an average of -32% a year. The sharpest change came in the year to February 2024, when income dropped by 85%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Larche Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include United Interfaith Action of Southern Massachusetts ($210k), Ready Set Prep Early Learning Center Inc ($210k) and Veterans and Family Assistance Center ($210k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 27% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $31k (10% of expenses). Other salaries and wages came to $136k. At year end it held assets of $2.9m against liabilities of $50k, net assets of $2.8m. It reported 27 employees.