Lark Enterprises Inc

Analysis

Lark Enterprises Inc is a registered charity in United States, based in New Castle, PA. It received its IRS tax-exemption ruling in August 1967, 59 years ago. Its declared purposes cover employment, 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 June 2023, Lark Enterprises Inc reported income of $5.9m and spending of $5.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $5.9m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lark Enterprises 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 91st percentile within PA. Charities of a similar size with the same main cause include Southern Workforce Board Incorporated ($5.9m), Maryland Association of Non-Profit Organizations Inc ($5.9m) and Central Oklahoma Economic Development District ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $312k (6.2% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $3.9m against liabilities of $1.2m, net assets of $2.6m. It reported 200 employees.