Larc School Inc

Analysis

Larc School Inc is a registered charity in United States, based in Bellmawr, NJ. It received its IRS tax-exemption ruling in August 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Larc School Inc reported income of $9.2m and spending of $8.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.0m to $9.2m (+14%), an average of +3.4% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Larc School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Montessori Regional Charter School ($9.2m), The Watson Institute Friendship Academy ($9.2m) and New Opportunities Organization ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $192k (2.2% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $13.5m against liabilities of $1.4m, net assets of $12.1m. It reported 175 employees.