Larche Erie Inc

Analysis

Larche Erie Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in February 1973, 53 years ago. 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 2024, Larche Erie Inc reported income of $6.3m and spending of $6.1m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.2m to $6.3m (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Larche Erie 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 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Catholic Partnerships Schools Camden NJ Inc ($6.3m), Charitable Pharmacy of Central Ohio ($6.3m) and National Assoc of State Directors of Developmental Disabilities Ser ($6.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 4.2% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $6.3m against liabilities of $402k, net assets of $5.9m. It reported 109 employees.